Question
A 20 year annuity pays $2,250.00 per month. Payments are made at the end of each month. If the interest rate is 11% compounded monthly
A 20 year annuity pays $2,250.00 per month. Payments are made at the end of each month. If the interest rate is 11% compounded monthly for the first 10 years, and 7% compounded monthly thereafter, what is the Present Value of annuity?
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E Marketing Theory And Application
Authors: Stephen Dann ,Susan Dann
2011 Edition
0230203965, 978-0230203969
