Question
6. What is the future value of a 3-year ordinary annuity of $100 if the appropriate interest rate is 7%? What is the present value
6. What is the future value of a 3-year ordinary annuity of $100 if the appropriate interest rate is 7%?
What is the present value of the annuity?
What would the future and present values be if the annuity were an annuity due?
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Contemporary Economics An Applications Approach
Authors: Robert Carbaugh
8th Edition
1138652199, 978-1138652194
