Question
What is the present value of 63 annual payments of $1,075 each with the first payment being received immediately? Assume you can invest money at
What is the present value of 63 annual payments of $1,075 each with the first payment being received immediately? Assume you can invest money at a 10% stated rate with semi-annual compounding.... the answer is11,538.0. Please provide solution in an excel spreadsheet
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Business Mathematics
Authors: Charles MillerStanley SalzmanStanley SalzmanGary Clendenen
11th Edition
0321500121, 9780321500120
