Question
Present Values of Annuity a-1. Calculate the present value of an annual payment of $630.00 you would received for 10 years if the interest rate
Present Values of Annuity
| a-1. | Calculate the present value of an annual payment of $630.00 you would received for 10 years if the interest rate is 5.01%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Present value | $ |
| a-2. | Calculate the present value of an annual payment of $504.00 you would received for 17 years if the interest rate is 5.01%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Present value | $ |
| b-1. | Calculate the present value of an annual payment of $630.00 you would received for 10 years if the interest rate is 17.90%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Present value | $ |
| b-2. | Calculate the present value of an annual payment of $504.00 you would received for 17 years if the interest rate is 17.90%. (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Present value | $ |
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The Municipal Budget Crunch A Handbook For Professionals
Authors: Roger L. Kemp
1st Edition
0786463740, 978-0786463749
