What is the present value of a 10-year annuity of $3,000 per period in which payments come

Question:

What is the present value of a 10-year of $3,000 per period in which payments come at the beginning of each period? The interest rate is 12 percent.

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,...