Question
Find the present value of an annuity with payments of $200 at the end of each month for 3 years. The interest rate is 12%
Find the present value of an annuity with payments of $200 at the end of each month for 3 years. The interest rate is 12% compounded monthly.
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
