Question
1. Calculate the present value of an ordinary annuity given the following information. Semi-annual amount: $6,000 Annual interest rate: 6%: Years: 7 Compounding frequency: semi-annual.
1. Calculate the present value of an ordinary annuity given the following information. Semi-annual amount: $6,000 Annual interest rate: 6%: Years: 7 Compounding frequency: semi-annual. Round to the nearest $1
2. Using the information from #5 above, compute the present value of an annuity due.
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Management Accounting For Decision Makers
Authors: Dr Peter Atrill, Eddie McLaney
6th Edition
0273731521, 9780273731528
