Find the present value of an annuity with annual payments of $1400 per year for seven years. The interest is 9% compounded annually. My guess is $7046.13 but I'm not sure. Thanks for looking at this problem.

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- Jul 9th 2006, 02:18 AMkwtolleyThis annuity payment is killing me. repost sorry
Find the present value of an annuity with annual payments of $1400 per year for seven years. The interest is 9% compounded annually. My guess is $7046.13 but I'm not sure. Thanks for looking at this problem.

- Jul 9th 2006, 02:46 AMJakeDQuote:

Originally Posted by**kwtolley**

PS: you can delete your other post. Click on the edit link for that post. There's a delete option. - Jul 9th 2006, 02:54 AMkwtolleyThanks
thanks for the help, I will use the chart in the future.