math

Alice wants to know how much she'll have to invest today to receive an annuity of \$10,000 for six years if interest is earned at 7% annually. She'll make all of her withdrawals at the end of each year. How much should she invest? A. \$45,000 B. \$47,665 C. \$58,333 D. \$55,800
my answer is A.

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1. Did you solve:
PV = 10000(1 - 1.07^-6)/.07 ??

I did not get your answer, but mine was in the list.

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Reiny

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