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Suppose the interest rate is 6.8% APR with monthly compounding. What is the present value of an annuity that pays $110 every three months for
Suppose the interest rate is 6.8% APR with monthly compounding. What is the present value of an annuity that pays $110 every three months for six years? (Note: Be careful not to round any intermediate steps less than six decimal places.)
Suppose the interest rate is 6.8% APR with monthly compounding. What is the present value of an annuity that pays $110 every three 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.)Step by Step Solution
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