Question: Please help me find the formula. What is the present value of the following annuity? $4,798 every year at the end of the year for

Please help me find the formula.

What is the present value of the following annuity?

$4,798 every year at the end of the year for the next 14 years, discounted back to the present at 11.13 percent per year, compounded annually?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!