Question
a. Find the future value of the ordinary annuity. (Round your answer to the nearest cent.) $125monthly payment,5.75%interest,2years $________ b. Find the monthly payment that
a. Find the future value of the ordinary annuity. (Round your answer to the nearest cent.)
$125monthly payment,5.75%interest,2years
$________
b. Find the monthly payment that will yield the future value of$255,000using an ordinary annuity at11%interest for39 years. (Round the answer to the nearest cent.)
$_______
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
