Question: find the starting balance needed for annuity payout (present value of the annuity).round to the nearest cent. payments of $2000 made anually for 10 years
find the starting balance needed for annuity payout (present value of the annuity).round to the nearest cent.
payments of $2000 made anually for 10 years at 10% compounded anually. Assume end of period payments.
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