Question
Armita has an annuity paying $2,250.00 at the start of each week for 21 years. The interest rate is r(365) = 5.325%. After 7 years
Armita has an annuity paying $2,250.00 at the start of each week for 21 years. The interest rate is r(365) = 5.325%. After 7 years the interest rate changes to 6.075% (same compounding). a) What is the effective interest rate per period before the rate change? b) What is the effective interest rate per period after the rate change? c) What is the present value of her annuity
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The Almanack Of Stanley Druckenmiller From Over 40 Years Of Investing Wisdom With Quantum Fund And Duquesne Capital Management
Authors: Rui Zhi Dong
1st Edition
B0B3NV2H9M, 979-8850611453
