Please help!!
Aaron has an annuity that pays him $9200 at the beginning of each year. Assume the economy will grow at a rate of 3.2% annually. What is the value of the annuity if he received it now instead of over a period of 10 years?
A. $80,168
B. $77,682.0
C. $106,444.30
D. $109,850.52
Please explain and show the formula I want to know what I'm actually doing Thanks!!

Respuesta :

a) $80,168

Hope I helped! ( Smiles )