Problem 7-20 You are offered an annuity that will pay $12,000 a year...
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Problem You are offered an annuity that will pay $ a year for eight years that is eight payments but the payments start after six years have elapsed. If you want to earn percent on your funds, what is the maximum you should pay for this annuity? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar. $ 
Problem
You are offered an annuity that will pay $ a year for eight years that is eight payments but the payments start after six years have elapsed. If you want to earn percent on your funds, what is the maximum you should pay for this annuity? Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar.
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