Question: need help providing information into excel 13) If Otto Mann agrees to pay $40,000 for an annuity that provides $605 at the beginning of each

need help providing information into excel

13) If Otto Mann agrees to pay $40,000 for an annuity that provides $605 at the beginning of each month for the next 10 years, given an annual interest rate of 6.9%, would you say that he made a good investment or not? (Hint: You need to calculate the present value of the annuity and compare it to the price that he agreed to pay) Relevant information Annual Interest Rate Periods Per Year Number of Years 3 4 5 8 7 8 9 10 11 12 13 14 15 Needed Information Present Value Future Value Payment Rate Number of Periods PV FV PMT RATE NPER 16 Additional Calculations (if needed) 17 18 19 20 21 22 23 24 25 26

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