Question 1201536
the nominal interest ratee is 10% per year.
the effectives interest rate is (1 + .10/12) ^ 12 = (1.1047130674 - 1) * 100 = 10.47130674% per year.
the present value of the annuity 10 years from now is 10225.92263.
the present value of that now is 3777.527116.


here's what it looks like in excel.


<img src = "http://theo.x10hosting.com/2023/040801.jpg">
<img src = "http://theo.x10hosting.com/2023/040802.jpg">


eoy means end of year.


let me know if you have any questions.
theo