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There is a 5-year (5 annual payments) regular annuity with the first payment occurring five years from today. If each payment is $10,000 and the
There is a 5-year (5 annual payments) regular annuity with the first payment occurring five years from today. If each payment is $10,000 and the monthly discount rate is 1.000001%, compounded monthly, how much is the value of the annuity?
a. $19,223
b. $21,913
c. $22,908
d. $50,000
e. $117,100
I want to know how to compute for the answer using TI BA II Plus.
"regular annuity with the first payment occurring five years from today." <-- it makes me confuse when I try to compute using BA II Plus
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