Question
You put $50 in your savings account at the end of each month. The nominal interest rate is 14% annual nominal compounded monthly, and you
You put $50 in your savings account at the end of each month. The nominal interest rate is 14% annual nominal compounded monthly, and you have at the end $2,221.14. what its your annuity value?
I have to draw a cash flow diagram, but I'm unsure if the annuity value is 14% or if I have to calculate it, if so, please show me how.
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp
6th Edition
0324303254, 9780324303254
