Question
A certain annuity pays P80 at the end of every 3 months for 12 years. If the present value of the annuity is P1,200 and
A certain annuity pays P80 at the end of every 3 months for 12 years. If the present value of the annuity is P1,200 and the accumulated amount is P2,000 determine the nominal rate.
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An Introduction to the Mathematics of financial Derivatives
Authors: Salih N. Neftci
2nd Edition
978-0125153928, 9780080478647, 125153929, 978-0123846822
