Question
Find an expression for the present value of an annuity on which payments are 1 at the end of each 4-month period for 12 years
Find an expression for the present value of an annuity on which payments are 1 at the end of each 4-month period for 12 years assuming a rate of interest per 3-month period.
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
