Q7. find the present value of the following ordinary annuity: periodic payment:$ 2300 payment interval: 1 month term: 6 years interest rate: 11% conversion period: quarterly

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 20E
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Q7. find the present value of the following ordinary annuity: periodic payment:$
2300 payment interval: 1 month term: 6 years interest rate: 11% conversion
period: quarterly
Transcribed Image Text:Q7. find the present value of the following ordinary annuity: periodic payment:$ 2300 payment interval: 1 month term: 6 years interest rate: 11% conversion period: quarterly
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