Question
Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays $256 every quarter for the next
Suppose the interest rate is 9% APR with monthly compounding. Then the present value of an annuity that pays $256 every quarter for the next seven years is closest to:
a. $5514
b. $5212
c. $5276
d. $5264
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
