Question
Find the present value of the following ordinary annuities: a) PV of $300 each six months for five years at a simple rate of 12
Find the present value of the following ordinary annuities:
a) PV of $300 each six months for five years at a simple rate of 12 percent, compounded semiannually
b) PV of $150 each three months for five years at a simple rate of 12 percent, compounded quarterly
**(show work please!)
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Financial Analysis And Modeling Using Excel And VBA
Authors: Chandan Sengupta
2nd Edition
047027560X, 978-0470275603
