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Suppose the interest rate is 9.3% APR with monthly compounding. What is the present value of an annuity that pays $90 every six months for
Suppose the interest rate is 9.3% APR with monthly compounding. What is the present value of an annuity that pays $90 every six months for six years?
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The six-month effective interest rate is
%. (Round to three decimal places.)
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Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
5th Edition
0134734203, 978-0134734200
