Question
If you have a 12-year annuity paying $418 monthly in 3 years when interest is 5.62% compounded semi-annually, what is the number of missed payments?
If you have a 12-year annuity paying $418 monthly in 3 years when interest is 5.62% compounded semi-annually, what is the number of missed payments? Treat the deferred annuity as an ordinary annuity with the first annuity payment at the 3-year mark.
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Derivatives And Internal Models
Authors: Hans Peter Deutsch, Mark W. Beinker
5th Edition
3030229017, 9783030229016
