Question
An ordinary annuity has a present value of $35,000 when discounted at a rate of 4.1%. What would be the difference in value if this
An ordinary annuity has a present value of $35,000 when discounted at a rate of 4.1%. What would be the difference in value if this were an annuity due?
Enter your answer as a number rounded to 2 decimal places. An answer of 23.456 would be entered as 23.46.
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Financial Institutions Management
Authors: Anthony Saunders
1st Edition
0256110565, 9780256110562
