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Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an annuity that pays $105 every three months
Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an annuity that pays $105 every three months for seven 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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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
