Question
What is the present value of the following annuity?$3,361 every quarter year at the end of the quarter for the next 11 years, discounted back
What is the present value of the following annuity?$3,361 every quarter year at the end of the quarter for the next 11 years, discounted back to the present at 5.66 percent per year, compounded quarterly?Round the answer to two decimal places.
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Get StartedRecommended Textbook for
Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
7th Edition
013213683X, 978-0132136839
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