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Elizabeth is going on a round-the-world trip and want to receive an annunity payment of $5000 at the beginning of each month for 3 years.
Elizabeth is going on a round-the-world trip and want to receive an annunity payment of $5000 at the beginning of each month for 3 years. their bank pays 9% interest, compunded monthly. how much should they deposit today to fund the trip?
Elizabeth is going on a round-the-world trip and wants to receive an annuity payment of $5000 at the beginning of each month for 3 years. Their bank pays 9% interest, compounded monthly. How much should they deposit today to fund the trip? Cash Flow timeline: 1 - per period 0 1 2 --------------------------------------...- For the calculator inputs, leave no blanks (if not required enter as a zero instead). For what is being solved for you may enter a question mark, or the solution to the nearest cent. PV: $ FV: $ N N: 1: (enter as a decimal with a leading zero, not a percent, eg. 1% - 0.01) PMT: $ Annuity due? (Y or N) Step by Step Solution
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