Question
Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an annuity that pays $120 every 6 months for
Suppose the interest rate is 8.3% APR with monthly compounding. What is the present value of an annuity that pays $120 every 6 months for 5 years? (Note: Be careful not to round any intermediate steps less than six decimal places.)
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
