1
answer
0
watching
302
views
20 Sep 2018
What is the present value of the annuity?
Please answer this question correctly - I will comment if it's incorrect.
A 10-year annuity pays $2,500 per month, and payments are made at the end of each month. The interest rate is 9 percent compounded monthly for the first four years, and 7 percent compounded monthly thereafter?
What is the present value of the annuity?
What is the present value of the annuity?
Please answer this question correctly - I will comment if it's incorrect.
A 10-year annuity pays $2,500 per month, and payments are made at the end of each month. The interest rate is 9 percent compounded monthly for the first four years, and 7 percent compounded monthly thereafter?
| What is the present value of the annuity? |
Irving HeathcoteLv2
21 Sep 2018
Related questions
| A 20-year annuity pays $1,950 per month, and payments are made at the end of each month. If the interest rate is 11 percent compounded monthly for the first ten years, and 7 percent compounded monthly thereafter, what is the present value of the annuity? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16)) |
