Asked by Diana

Alice wants to know how much she'll have to invest today to receive an annuity of $10,000 for six years if interest is earned at 7% annually. She'll make all of her withdrawals at the end of each year. How much should she invest? A. $45,000 B. $47,665 C. $58,333 D. $55,800
my answer is A.
Answered by Reiny
Did you solve:
PV = 10000(1 - 1.07^-6)/.07 ??

I did not get your answer, but mine was in the list.
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