Question
An annuity began with $180,000. It was left on deposit for 5 years and earned 5% interest compounded daily (365 days). What regular payments could
An annuity began with $180,000. It was left on deposit for 5 years and earned 5% interest compounded daily (365 days). What regular payments could be expected annually? (Note: Find daily payment and then turn it into an annual amount).
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
8th Edition
0324065914, 9780324065916
