Question
An ordinary annuity selling at $3,806.77 today promises to make equal payments at the end of each year for the next six years (N). If
An ordinary annuity selling at $3,806.77 today promises to make equal payments at the end of each year for the next six years (N). If the annuitys appropriate interest rate (I) remains at 5.00% during this time, the annual annuity payment (PMT) will be ___________.
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Routledge Handbook Of Social And Sustainable Finance
Authors: Othmar M. Lehner
1st Edition
1138343773, 978-1138343771
