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Having an issue with 2 finance homework questions pertaining to time value of money (TVM). 5-14 Future Value of an Annuity Due If the future
Having an issue with 2 finance homework questions pertaining to time value of money (TVM).
5-14 Future Value of an Annuity Due If the future value of an ordinary, 6-year annuity is $8,500 and interest rates are 9.5 percent, whats the future value of the same annuity due?
5-15 Effective Annual Rate A loan is offered with monthly payments and a 10 percent APR. Whats the loans effective annual rate (EAR)?
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