a. RM9338 b. RM9385 c.RM 9583 a EXAMPLE 2 2. Johan won an annuity that pays RM1000 every 3 months for 3 years. What is the present value of this annuity if the money worth 16% compounded quarterly? b

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Question 3
a. RM9338
b. RM9385
c.RM 9583
a
EXAMPLE 2
2. Johan won an annuity that pays RM1000 every 3
months for 3 years. What is the present value of this
annuity if the money worth 16% compounded
quarterly?
с
Transcribed Image Text:Question 3 a. RM9338 b. RM9385 c.RM 9583 a EXAMPLE 2 2. Johan won an annuity that pays RM1000 every 3 months for 3 years. What is the present value of this annuity if the money worth 16% compounded quarterly? с
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