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

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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 The amount to be withdrawn is an annuity and the starting value should be such that after ...

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