BE2-27 Kilarny Company is considering investing in an annuity contract that will return
$20,000 annually at the end of each year for 15 years. What amount should Kilarny Company
pay for this investment if it earns a 6% return?
The annual payment is PMT=$20,000
number of periods is N=15
The required rate ...
The solution shows the calculations with a solution amount.