Estimate the present value of an annuity if payments are $1,200 monthly for 11 years and the account earns interest at the rate of 10% per year compounded continuously. Please round the answer to the nearest dollar.

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Question

Estimate the present value of an annuity if payments are $1,200 monthly for 11 years and the account earns interest at the rate of 10% per year compounded continuously. Please round the answer to the nearest dollar.
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$__________

Quizplus · Accepted Answer

The Answer of Estimate the present value of an annuity if payments are $1,200 monthly for 11 years and the account earns interest at the rate of 10% per year compounded continuously. Please round the answer to the nearest dollar.
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Estimate the Present Value of an Annuity If Payments Are