Calculating Deferred Annuities (Example 2)

[@irafajardo8073]

@7:34 you stated "... she can start to PURCHASE her annuity which will give her 20 equal payments of 20k dollars." I don't know if I'm wrong to rephrase it as "... she can start RECEIVING 20 equal payments of 20K dollars." I'm confused. Thank you.

[@StudyForceOnline]

She hasn't purchased it yet, so you can't receive something you haven't purchased

[@Goosebum1234]

Thank you