Question
Suppose the interest rate is 8.6% APR with monthly compounding. What is the present value of an annuity that pays $85 every six months for
Suppose the interest rate is 8.6% APR with monthly compounding. What is the present value of an annuity that pays $85 every six months for four years? (Note: Be careful not to round any intermediate steps less than six decimal places.)
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The AMA Handbook Of Financial Risk Management
Authors: John J. Hampton
1st Edition
0814417442, 978-0814417447
