Question
Kurt wants to have $835,000 in an investment account six years from now. The account will pay 8.04 percent interest per year. He makes equal
Kurt wants to have $835,000 in an investment account six years from now. The account will pay 8.04 percent interest per year. He makes equal payments of $9,062.07 into this ordinary annuity for each of the six years. what would be the present value of Kurt's savings annuity, when treated as an ordinary annuity, PVA?
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
