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Suppose the interest rate is 6.7% APR with monthly compunding. what is the present value of an annuity that pays $100 every six months for
Suppose the interest rate is 6.7% APR with monthly compunding. what is the present value of an annuity that pays $100 every six months for six years? (Note: Be careful not to round any intermediate steps less than six decimal places) Score: 0 of 1 pt 3 of 8 (6 complete) HW Score: 50%, 4 of 8 pts P 5-10 (similar to) Question Help Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an annuity that pays $100 every six months for six years? (Note: Be careful not to round any intermediate steps less than six decimal places.) The present value of the annuity is $. (Round to the nearest cent.)
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
