Find the present value of an annuity due that pays $2,200.00 at the beginning of every 2 months for 3 years, if interest is earned at a rate of 5%, compounded every 2 months. The present value is $. (Round to 2 decimal places.)
Find the present value of an annuity due that pays $2,200.00 at the beginning of every 2 months for 3 years, if interest is earned at a rate of 5%, compounded every 2 months. The present value is $. (Round to 2 decimal places.)
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 25E
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Find the
The present value is $. (Round to 2 decimal places.)
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