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    Present value of Annuity

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    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 Kilarney pay for this investment if it returns a 6% return?

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    https://brainmass.com/business/annuity/present-value-of-annuity-65417

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    What amount should Kilarney pay for this investment if it returns a 6% ...

    Solution Summary

    This provide the steps to compute the Present value of Annuity

    $2.19

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