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anonymous
 one year ago
What is the C in this formula?
PVOA = C(1/i  1/i(1+i)^nt)
How do you find C though?
anonymous
 one year ago
What is the C in this formula? PVOA = C(1/i  1/i(1+i)^nt) How do you find C though?

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jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1C is the cashflow I think?

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1basically how much is paying in or out per period

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Yeah. Ok so this is the question. Madison has an annuity that pays $9,003 at the beginning of each year. If the economy grows at a rate of 3.4% each year, what is the value of the annuity if she received it in a lump sum now rather than over a period of 9 years? So C would be $9,003?

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1Sounds like an annuity due instead of an ordinary annuity. The difference between the two is that the annuity due is paid at the beginning of the period

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1and yeah C = 9003 is the amount of money she gets per year it is the cash flowing to her

anonymous
 one year ago
Best ResponseYou've already chosen the best response.0Oh ok. Cool! Thanks!! :)

jim_thompson5910
 one year ago
Best ResponseYou've already chosen the best response.1you're welcome
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