Question
QUESTION 36 Based on the following information please calculate the payment the financial contract will make. This type of contract is known as an annuity.
QUESTION 36
-
Based on the following information please calculate the payment the financial contract will make. This type of contract is known as an annuity. It makes equal payments over its life. The price or amount you pay for the annuity is the present value in the Excel formula. Your answer must be accurate to two decimal places. Do not use $ sign in your answer. Enter only number in format 7,342.21
interest rate
3%
number of periods
60.00
present value
-$20,000.00
future value
0
payments made at end of the year
0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
The Critical Handbook Of Money Laundering Policy Analysis And Myths
Authors: Petrus C. Van Duyne, Jackie H. Harvey, Liliya Y. Gelemerova
1st Edition
1137523972, 978-1137523976
