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Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.) Annuity Payment Payment Frequency
Use Table 12-2 to calculate the present value (in $) of the ordinary annuity. (Round your answer to the nearest cent.)
| Annuity Payment | Payment Frequency | Time Period (years) | Nominal Rate (%) | Interest Compounded | Present Value of the Annuity |
|---|---|---|---|---|---|
| $6,000 | every year | 20 | 4 | annually |
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Risk Management And Financial Institutions
Authors: John C. Hull
3rd Edition
1118269039, 9781118269039
