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It is reported that the present value of an annuity paying $1,000 at the end of each year for Y years is $12,692.58, and the present value of an annuity paying $300 each year for four years is $1,069.12. Find the present value of an annuity paying $500 at the end of each two years for Y years.

asked
User Release
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1 Answer

3 votes

Answer:

$3099

Step-by-step explanation:

Please see attachment

It is reported that the present value of an annuity paying $1,000 at the end of each-example-1
answered
User Jakehao
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8.2k points
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