DEFERRED ANNUITY (please don’t use excel) Find the present value of a deferred annuity of P465 every three months for 8 years that is deferred 4 years and 3 months, if money is worth 6% compounded quarterly.
DEFERRED ANNUITY (please don’t use excel) Find the present value of a deferred annuity of P465 every three months for 8 years that is deferred 4 years and 3 months, if money is worth 6% compounded quarterly.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 7MC
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DEFERRED ANNUITY (please don’t use excel)
Find the present value of a deferred annuity of P465 every three months for 8 years that is deferred 4 years and 3 months, if money is worth 6% compounded quarterly.
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