Question
Find the present value of the following ordinary annuity. Periodic Payment Payment Interval Term Interest Rate Conversion Period $1490 1 year 7 years 10% quaterly
Find the present value of the following ordinary annuity.
| Periodic Payment | Payment Interval | Term | Interest Rate | Conversion Period |
| $1490 | 1 year | 7 years | 10% | quaterly |
The present value 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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Money Banking And Financial Markets
Authors: Stephen Cecchetti
2nd Edition
0073523097, 9780073523095
