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| rev | Admin | (Created page with "An insurance company sells an annuity that provides 20 annual payments, with the first payment beginning one year from today and each subsequent payment 2% greater than the previous payment. Using an annual effective interest rate of 3%, the present value of the annuity is 200,000. Calculate the amount of the final payment from this annuity. <ul class="mw-excansopts"><li>11,282</li><li>16,436</li><li>16,765</li><li>19,784</li><li>24,162</li></ul> {{soacopyright | 2023 }}") | Nov 18'23 at 12:07 | +478 |