Question
The first quarterly payment of $750 in a five-year annuity will be paid 3.5 years from now, at an interest rate of 8.25% compounded monthly,
The first quarterly payment of $750 in a five-year annuity will be paid
3.5 years from now, at an interest rate of 8.25% compounded monthly,
what is the present value of all the payments today? (I need equation and steps) Thanks
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Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
