Question
Problem 5-30 Future and Present Value of an Annuity Due (LG6) If you start making $135 monthly contributions today and continue them for four years,
Problem 5-30 Future and Present Value of an Annuity Due (LG6)
| If you start making $135 monthly contributions today and continue them for four years, what is their future value if the compounding rate is 11.75 percent APR? (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| Future value annuity | $ |
| What is the present value of this annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| Present value annuity |
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ISE Analysis For Financial Management
Authors: Robert C. Higgins Professor, Jennifer Koski
13th International Edition
1265042632, 9781265042639
