American general offers a 7-year ordinary annuity with a guaranteed rate of 6.35% compounded annually. how much should you pay for one of these annuities if you want to receive payments of $10,000 annually over the 7-year period?

$ 55135.978

Step-by-step explanation:

At most, the present value of annuity must be paid. So we must find the present value of the annuity

Given in the problem, we have:

Periodic Payment = PMT = $10000

Rate of interest annually = i = 6.35 %= =0.0635

no. of periods= n=7

So to solve this, we need to use the present value formula:

Present Value = Periodic payment

Present Value = PMT

Present value = 10000

Present Value =10000

Present Value =10000 (5.5135978)

Present value= $ 55135.978

Which is the amount that must be paid at most to get annuities such that $10,000 annually over the 7-year period are to be received.

spinning a 1, 2, or 3. option d.

step-by-step explanation: when spinning a number graph up to 4, and aiming for any number less than 3, that automatically eliminates the number 4. now you have two numbers to spin on that are less than 3, but the number 3 is included in this question because it's no greater of an number than itself. i hope this you : )

if i put something wrong your not gonna like it so rather not say nothing.