Question
Ordinary annuity payment.Fill in the missing annuity in the following table for an ordinary annuity stream: Number of Payments or Years Annual Interest Rate Future
Ordinary annuity payment.Fill in the missing annuity in the following table for an ordinary annuity stream:
| Number of Payments or Years | Annual Interest Rate | Future Value | Annuity | Present Value |
| 8 | 10% | $0.00 | $enter your response here (Round to the nearest cent.) | $27,000.00 |
| 20 | 4% | $27,000.00 | $enter your response here (Round to the nearest cent.) | $0.00 |
| 32 | 11% | $0.00 | $enter your response here (Round to the nearest cent.) | $160,000.00 |
| 13 | 5% | $97,112.19 | $enter your response here (Round to the nearest cent.) | $0.00 |
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
