Question
Determine the present value of an annuity due of $1,000 per month for 15 years discounted back to present at 12 percent compounded monthly. What
Determine the present value of an annuity due of $1,000 per month for 15 years discounted back to present at 12 percent compounded monthly. What would be the present value if it were a regular annuity?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
