Consider an annuity consisting of three payments of $4,000 each. If the interest rate is 5% per

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Consider an annuity consisting of three payments of $4,000 each. If the interest rate is 5% per year, what is the present value of this as:

a. An ordinary annuity?

b. An annuity due?

c. A deferred annuity, deferred two periods?

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Foundations And Applications Of The Time Value Of Money

ISBN: 9780470407363

1st Edition

Authors: Pamela Peterson Drake, Frank J. Fabozzi

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Question Posted: Jun 05, 2024 02:04 AM

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Consider an annuity consisting of three payments of $4,000 each. If the interest rate is 5% per

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Foundations And Applications Of The Time Value Of Money

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