Question
What is the present value of an annuity due if your required return is 7% and payments are $6,000 for 2p years with interest compounded
What is the present value of an annuity due if your required return is 7% and payments are $6,000 for 2p years with interest compounded quarterly, rounded to the nearest dollar?
On your worksheet, show your manual calculations OR show the data entries you made on your financial calculator. Either way, for partial credit, at least show the formula you would use to solve this problem.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
