Question
How much interest is included in the future value of an ordinary simple annuity of $1,200 paid every six months at 12% compounded semi-annually if
How much interest is included in the future value of an ordinary simple annuity of $1,200 paid every six months at 12% compounded semi-annually if the term of the annuity is 9 years?
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Financial Management Principles and Applications
Authors: Sheridan Titman, Arthur J. Keown, John H. Martin
13th edition
134417216, 978-0134417509, 013441750X, 978-0134417219
