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You took a loan to buy a new car. The monthly interest rate on the loan is 1.5% and you have to pay $240 every
You took a loan to buy a new car. The monthly interest rate on the loan is 1.5% and you have to pay $240 every month for 60 months1)What is the Present value of the Cash flows if its an ordinary annuity? 2)What is the future value of cash flows if its an ordinary annuity? 3)What is the present value of the cash flows if its an annuity due? 4)What is the future value of cash flows if its an annuity due?
1)What is the Present value of the Cash flows if its an ordinary annuity?
2)What is the future value of cash flows if its an ordinary annuity?
3)What is the present value of the cash flows if its an annuity due?
4)What is the future value of cash flows if its an annuity due?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
978-0071338875
