Question
Annual deposits of$50 are made at the beginning of each year for 16 years. Find the AV of this annuity at the end of 16
Annual deposits of$50 are made at the beginning of each year for 16 years. Find the AV of this annuity at the end of 16 years if the effective annual rate of interest is 5% for the first 5 years and 7% for the last 11 years.
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Finance for Non Financial Managers
Authors: Pierre Bergeron
7th edition
176530835, 978-0176530839
