Ques'n plzzzz help with this ..?
Suppose you have 3 aunts who together decieded to U $ 1000 per year for the first 21 years of his life.the ifrst gift given on their first birthday and the last in the twenty-first birthday. Assumin an interest rate of 6% compounded annually) What is the value of the annuity on the day of your birth? If U could show ur work instead of giving the answer that extremley help, because I know what the answer should be can not get the steps between Many thanks
$ 11,764.08 Click on the link at the source of the equation I used.
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