A series of 12 annual payments of $2000 is equivalent to three equal payments, one each at

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A series of 12 annual payments of $2000 is equivalent to three equal payments, one each at the end of 12 years, 15 years, and 20 years. The interest rate is lo%, compound annually. What is the amount of the three equal payments? Ans. $19 284.55

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Question Posted: Mar 01, 2017 01:16 PM

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A series of 12 annual payments of $2000 is equivalent to three equal payments, one each at

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Present value PV of the 12 annual payments 2000 x PVIFA 10 12 ye...View the full answer

Income Tax Fundamentals 2013

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