Question
HW 2D Question 3 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic
HW 2D
Question 3
This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.
What is the present value of the following annuity?
$3,323 every year at the end of the year for the next 11 years, discounted back to the present at 14.70 percent per year, compounded annually?
Round the answer to two decimal places.
Your Answer:
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
