Question
A 12-year annuity pays $3,100 per month, and payments are made at the end of each month. The interest rate is 10 percent compounded monthly
A 12-year annuity pays $3,100 per month, and payments are made at the end of each month. The interest rate is 10 percent compounded monthly for the first five years, and 8 percent compounded monthly thereafter. What is the present value of the annuity?
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Gapenskis Fundamentals Of Healthcare Finance
Authors: Paula H. Song, Kristin L. Reiter
3rd Edition
1567939759, 978-1567939750
