Question
What is the present value of an annuity of $550 a month for 3 years at the rate of 12% p.a. compounded monthly. The first
What is the present value of an annuity of $550 a month for 3 years at the rate of 12% p.a. compounded monthly. The first payment occurs at the end of the first month (ordinary annuity).
A. $15,355.45 B. $16,559.13 C. $25,525.333 D. $14,970.027
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The Tools And Techniques Of Investment Planning
Authors: Stephan R. Leimberg , Thomas Robinson , Robert R. Johnson
3rd Edition
193982916X,1939829178
