Complete the following for the present value of an ordinary annuity. (Do not round intermediate calculations. Round your answer to the nearest cent.) amount of annuity expected $14,800; payment - quarterly; time - 4 years; interest rate - 8% Present value (amount needed now to receive annuity) __________
Complete the following for the present value of an ordinary annuity. (Do not round intermediate calculations. Round your answer to the nearest cent.) amount of annuity expected $14,800; payment - quarterly; time - 4 years; interest rate - 8% Present value (amount needed now to receive annuity) __________
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Complete the following for the present value of an ordinary annuity. (Do not round intermediate calculations. Round your answer to the nearest cent.)
amount of annuity expected $14,800; payment - quarterly; time - 4 years; interest rate - 8%
Present value (amount needed now to receive annuity) __________
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