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    rjrox's Avatar
    rjrox Posts: 1, Reputation: 1
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    #1

    Apr 11, 2010, 05:41 PM
    What is the value today of a 15 year annuity that pays $750 a year? The annuity's fir
    What is the value today of a 15 year annuity that pays $750 a year? The annuity's first payment occurs six years from today.the annual interest rate is 12% for years 1 through 5 and 15% thereafter.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    Apr 13, 2010, 07:26 AM

    This is clearly a homework problem. Please do noit expect us to give you the answer - you should try to do this problem yourself, then let us know what you think the answer is and someone here will be happy to check it for you.
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