Question

# Consider the following annuity: $1,000 due at the end of each year for three years, and$2,000 due thereafer at the end of each year for three years. Assume an interest rate of 2% compounded annually to find the present value of the annuity.

Ratios, rates, proportions
Consider the following annuity: $1,000 due at the end of each year for three years, and$2,000 due thereafer at the end of each year for three years. Assume an interest rate of 2% compounded annually to find the present value of the annuity.