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Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an annuity that pays $120 every three months for
Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an annuity that pays $120 every three months for four years ? ( Note: Be careful not to round any intermediate steps less than six decimal places.)
The present value of the annuity is $__ ( Round to thr nearest cent.)
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Ingrid B. Splettstoesser
12th Canadian edition
133098230, 978-0132791564, 132791560, 978-0133098235
