14. Determine the periodic payment for the following deferred annuity. The annuity is an ordinary annuity following the period of deferral. Deferral. period 27 months Payment Interest interval rate (%) (months) 6.4 Compounding Term frequency (years) Quarterly 20 Present value (S) 50,000.00

14. Determine the periodic payment for the following deferred annuity. The annuity is an ordinary annuity following the period of deferral. Deferral. period 27 months Payment Interest interval rate (%) (months) 6.4 Compounding Term frequency (years) Quarterly 20 Present value (S) 50,000.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

14.
Determine the periodic payment for the following deferred annuity. The annuity is
an ordinary annuity following the period of deferral.
Deferral
period
27
months
Payment Interest
interval
rate (%)
(months)
6.4
Compounding Term
frequency
(years)
Quarterly
20
Present
value (S)
50,000.00

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