Question
A 20-year annuity pays $1,200 per month and payments are made at the end of each month. If the interest rate is 13% compounded monthly
A 20-year annuity pays $1,200 per month and payments are made at the end of each month. If the interest rate is 13% compounded monthly for the first eight years and 7% compounded monthly thereafter, what is the present value of the annuity?
What would I plug into my BA 2 Plus Professional calculator?
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Understanding The Finance Of Welfare
Authors: Howard Glennerster
2nd Edition
1847421091, 978-1847421098
