Answered: a. Find the amount and present value of…

a. Find the amount and present value of an annuity of 440 payable every three months for 15 years and 3 months, if money is worth 5 ½%, m=4

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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Question

a. Find the amount and present value of an annuity of 440 payable every three months for 15 years and 3 months, if money is worth 5 ½%, m=4

b. Find the cash value of a sala set that can be bought for 2,500 down payment and 288 a month for 36 months if money is worth 3 ½% compounded semi-annually.

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