Question
7. Sue is making quarterly deposits at the end of period into an annuity that will be worth $600,000 in 40years. The annuity earns 6.2%
7. Sue is making quarterly deposits at the end of period into an annuity that will be worth $600,000 in 40years. The annuity earns 6.2% annual interest, compounded quarterly.
7-a. What are the quarterly payments into the annuity?
7-b. What is the present value of this annuity?
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Forecasting for Economics and Business
Authors: Gloria Gonzalez Rivera
1st edition
131474936, 978-1315510415, 1315510413, 978-0131474932
