Question
Find the periodic payment for the following simple annuity due. Future Value $21,200 Present Value _________? Payment Period 1 month Term of Annuity 10 years
Find the periodic payment for the following simple annuity due.
Future Value $21,200
Present Value _________?
Payment Period 1 month
Term of Annuity 10 years
Interest Rate 11%
Conversion Period monthly
The periodic payment is $______
.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Financial Accounting Longman Modular Texts In Business And Economics
Authors: Christopher Waterston, Anne Britton
2nd Edition
058238169X, 978-0582381698
