Annual payments Assignment | College Homework Help

QUESTION 7 A woman purchases an annuity that makes annual payments at the end of each year for 20 years. The first 10 payments are 1000 and the last 10 are 1500. The annuity earns 6.5% annually. Find the present value of the annuity. 10,083.19 11,324.88 O 12,933.36 13,774.03 14,669.34