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Calculating Deferred Annuities (Example 2)
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Natalie wishes to purchase an annuity for her retirement. Natalie is 30 years old today, and she wants the first payment to occur in 35 years when she turns 65. She would like the annuity
to make 20 equal annual installments of $20,000. How much will the annuity cost today, if i^((2))=10%?
![Deferred Annuities [Professor Barbara Gonzalez]](https://i.ytimg.com/vi/5V6vNmhBUSs/mqdefault.jpg)
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