Question
Suppose that an annuity makes monthly payments, the first coming one month from now. The payments follow the pattern 980, 1035, 1090, ... , 1750,
Suppose that an annuity makes monthly payments, the first coming one month from now. The payments follow the pattern 980, 1035, 1090, ... , 1750, 1805, 1750, 1695, ... , 980. If the rate of interest is 6.6 percent convertible monthly, what is the present value of the annuity?
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Succeeding in Business with Microsoft Excel 2013 A Problem Solving Approach
Authors: Debra Gross, Frank Akaiwa, Karleen Nordquist
1st edition
978-1285099149, 9781285963969, 1285099141, 1285963962, 978-1285715346
