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    Annuity amount

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    How to figure a settlement using a future payment equation e.g.eleven thousand dollars per year for 10 years.with a market interest rate of 5% exactly how much should the court invest today so nothing is left in the account after the final payment is made?

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    Solution Preview

    We are calculate the present value of an annuity. The amount to be withdrawn is an annuity and the starting value should be such that after ...

    Solution Summary

    The solution explains how to determine the amount today to pay an annuity.