Question
Compute the present worth of an annuity of $7000 for 7 years that begins in year 3, with an interest rate of 12%, compounded quaterly.
Compute the present worth of an annuity of $7000 for 7 years that begins in year 3, with an interest rate of 12%, compounded quaterly. The answer must be 103,686.66, need the procedure.
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Intermediate Financial Management
Authors: Brigham, Daves
10th Edition
978-1439051764, 1111783659, 9780324594690, 1439051763, 9781111783655, 324594690, 978-1111021573
