Fled the accumulated value 28 years after the first payment is made of an annuity on which there are 5 payments of $200 each made at four year intervals. The nominal interest rate convertible semiannually i Round your answer to two decimal places, $130 14 X

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 45P: A project does not necessarily have a unique IRR. (Refer to the previous problem for more...
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Find the accumulated value 28 years after the first payment is made of an annuity on which there are 5 payments of $200 each made at four year intervals. The nominal interest rate convertible semiannually is
6% Round your answer to two decimal places.
5130 14
Transcribed Image Text:Find the accumulated value 28 years after the first payment is made of an annuity on which there are 5 payments of $200 each made at four year intervals. The nominal interest rate convertible semiannually is 6% Round your answer to two decimal places. 5130 14
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