What is the most you should pay for the annuity? If the payments began immediately, how much would the annuity be worth?
Why does an annuity due have a higher present value than an ordinary annuity?If you know the present value of an ordinary annuity, how could you find the PV of the corresponding annuity due?What is the PVA of an ordinary annuity with 10 payments of $100 if the appropriate interest rate is 10 percent? What […]