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Present value of annuity

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?

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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.