Question
Find the present value of the following ordinary deferred annuity. Periodic Payment: 830 Made at: End Payment Period: 6 months Period of Deferment: 8 years
Find the present value of the following ordinary deferred annuity.
Periodic Payment: 830
Made at: End
Payment Period: 6 months
Period of Deferment: 8 years
Term: 3 years
Interest rate: 12%
Conversion period: monthly
Present value of the ordinary deferred annuity is $?
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
