Question
Stacy will receive equal payments of $677 at the beginning of each month with her first payment received in 3 years from today and her
Stacy will receive equal payments of $677 at the beginning of each month with her first payment received in 3 years from today and her last payment received 30 years from today. Find the present value of these payments at the beginning of year 7 if the interest rate is 2.54%.
Answer Format: INCLUDE ONLY NUMBERS AND DECIMALS IN YOUR ANSWER. Do not include "$" "," or any other formatting. Carry interim computations to at least 4 decimals.
Enter numerical answers as a positive number rounded to 2 decimal places (###.##)
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The Ultra High Net Worth Bankers Handbook
Authors: Heinrich Weber, Stephan Meier
1st Edition
1905641753, 978-1905641758
