Prepare a time diagram for the present value of a four-year ordinary annuity of $200. Assume an

Question:

Prepare a time diagram for the present value of a four-year ordinary annuity of $200. Assume an interest rate of 10% per year.

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...