Question: I am having difficulty solving this, If I can get help on how I should approach this? Plan A is an annuity of $40000 per

I am having difficulty solving this, If I can get help on how I should approach this?

Plan A is an annuity of $40000 per year for 25 years Plan B an annuity for 15 years and an annual payment of $47000 REMINDER BOTH PLANS WILL MAKE THEIR FIRST PAYMENT ONE YEAR FROM TODAY Find the discount rate at which you would be indifferent between these two plans; that is, the discount rate at which the plans have approximately the same present value Plan A Plan B Annual Payment Terms(years) Discount rate Present Value Difference

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