Share
Explore BrainMass

Present value of annuity

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?

Solution Preview

Payment A Annual
No of years= 15
No of Periods= 15
Discount rate annually= ...

Solution Summary

The solution calculates the present value of an annuity.

$2.19