Posted by math help plz on Saturday, April 30, 2011 at 11:38pm.
Do annuity payments stop at death? Or is lump sum payment made to a beneficiary? If either case, age and actuarial data on life expectancy are needed.
The present value of the annuity (due)
An=P*(1-v^n)/(1-v) where v=1/(1+i)
P=18000, n=8, i=0.069
A8=115346
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