Question: Please do not use excel or programs. Please do not copy and paste same answers. 11. Jay buys a 30-year annuity immediate with end of

Please do not use excel or programs. Please do not copy

Please do not use excel or programs. Please do not copy and paste same answers.

11. Jay buys a 30-year annuity immediate with end of year payments of 8,000 for a price of P. He replaces his capital over 30 years with a savings account, which pays AEIR 6%. His APY is 5%. Please find P. 11. Jay buys a 30-year annuity immediate with end of year payments of 8,000 for a price of P. He replaces his capital over 30 years with a savings account, which pays AEIR 6%. His APY is 5%. Please find P

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