Question
An ordinary annuity pays 200 per month for 2 years, then 300 per month for the next year, and then 100 per month for the
An ordinary annuity pays 200 per month for 2 years, then 300 per month for the next year, and then 100 per month for the following two years. Find the present value of the annuity at a rate of 6% compounded monthly.
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
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