An annuity-immediate has 32 payments of $500 per period. The effective rate of interest per period is 8% for the first 12 periods and 4% for the following 20 period (A) Find the accumulated value of the annuity. Round your answer to 2 decimal places. 35249.427 X (B) Find the present value of the annuity. Round your answer to 2 decimal places. 6875.87 X
An annuity-immediate has 32 payments of $500 per period. The effective rate of interest per period is 8% for the first 12 periods and 4% for the following 20 period (A) Find the accumulated value of the annuity. Round your answer to 2 decimal places. 35249.427 X (B) Find the present value of the annuity. Round your answer to 2 decimal places. 6875.87 X
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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