Question
The compounding periods and the payment periods are the same for an annuity and for an amortization. Determine the present value of the annuity that
The compounding periods and the payment periods are the same for an annuity and for an amortization. Determine the present value of the annuity that will pay the given periodic payments. (Round your final answer to two decimal places.)
Monthly payments of$470for 5 years with a monthly interest rate of0.9%.
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Get Funded The Startup Entrepreneurs Guide To Seriously Successful Fundraising
Authors: John Biggs, Eric Villines
1st Edition
1260459063, 978-1260459067
