Question
Leanne Simon made ordinary annuity payments of $51.00 per month for fourteen years earning 7% compounded monthly. How much interest is included in the future
Leanne Simon made ordinary annuity payments of $51.00 per month for fourteen years earning 7% compounded monthly. How much interest is included in the future value of the annuity?
What is the present value of $17800.00 payable in six years if the current interest rate is 6.6% p.a., compounded quarterly?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
12th Edition
1439044473, 978-1439044476
