Question
HW 3B Question 6 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic
HW 3B
Question 6
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?
$672 every quarter year at the end of the quarter for the next 15 years, discounted back to the present at 6.37 percent per year, compounded quarterly?
Round the answer to two decimal places.
Your Answer:
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
