Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit m Frequency n Rate r Time t $500 annually 4% 20 yr $
Find the present value of the ordinary annuity. (Round your answer to the nearest cent.) Amount of Deposit m Frequency n Rate r Time t $500 annually 4% 20 yr $
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
Problem 1PS
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Question
Find the
Amount of Deposit m |
Frequency n |
Rate r |
Time t |
$500 | annually | 4% | 20 yr |
$
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