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?
$2,119 every year at the end of the year for the next 5 years, discounted back to the present at 3.61 percent per year, compounded annually?
Round the answer to two decimal places.
Your Answer:
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
