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Find the present value of an annuity due of $20,000 payable quarterly for 8 years if money is worth 5.5% compounded semi-annually. You want to
- Find the present value of an annuity due of $20,000 payable quarterly for 8 years if money is worth 5.5% compounded semi-annually.
- You want to save $150,000 for your first year of college. You make a deposit of $4,000 at the beginning of each month in an account that earns 4.05% per year compounded semi-annually. Will you have enough money saved at the end of 2 years?
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
