Question
5. An annuity pays $50,000 per quarter for 25 years and the payments are made at the end of each quarter. The first payment is
5. An annuity pays $50,000 per quarter for 25 years and the payments are made at the end of each quarter. The first payment is made at the end of the first quarter. If the annual interest rate is 8 percent compounded quarterly for the first 10 years, and 12 percent compounded quarterly thereafter, what is the present value of the annuity (i.e, value of the annuity now)?
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The Forex Trading Manual The Rules Based Approach To Making Money Trading Currencies
Authors: Javier H. Paz
1st Edition
0071782923,0071782931
