Question
1) Consider a quarterly annuity of $12,000 for 5 years (20 payments). (a) If the discount rate is 8% compounded continuously, what is the present
1) Consider a quarterly annuity of $12,000 for 5 years (20 payments).
(a) If the discount rate is 8% compounded continuously, what is the present value of the annuity?
(b) If the discount rate is 9% (effective annual rate), what is the future value of the annuity?
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
