Question
Find the present value on March 1 of an annuity which pays $4000 every two months for 5 years. The first payment is due on
Find the present value on March 1 of an annuity which pays $4000 every two months for 5 years. The first payment is due on the coming April 1 and the rate of interest is 7% convertible once every two months.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
