Find the value of annuity at the end of indicated number if years Amount of deposit m= $100 Frequency n= monthly Rate r= 6% Time t= 8 years

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
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Find the value of annuity at the end of indicated number if years

Amount of deposit m= $100

Frequency n= monthly

Rate r= 6%

Time t= 8 years

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The information above changed the interest from .06 to .05 out of no where WHY

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