Question
Find the present value of payments of $35 at the end of each month for the next 24 months. The annual effective rate of interest
Find the present value of payments of $35 at the end of each month for the next 24 months. The annual effective rate of interest is 5% I know the answer is 798.69 but I dont know how to get there.
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
7th Edition
0357442040, 978-0357442043
