Question
Find the accumulated value 18 years after the first payment is made of an annuity on which there are 8 payments of 2000 each
Find the accumulated value 18 years after the first payment is made of an annuity on which there are 8 payments of 2000 each made at two-year intervals. The nominal rate of interest convertible semiannually is 7%. Answer to the nearest dollar.
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Financial Management For Decision Makers
Authors: Peter Atrill, Paul Hurley
2nd Canadian Edition
138011605, 978-0138011604
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