he present value of an annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) Present value = $13,000, and the interest rate is 6.6% compounded monthly for 8 years.
he present value of an annuity is given. Find the periodic payment. (Round your final answer to two decimal places.) Present value = $13,000, and the interest rate is 6.6% compounded monthly for 8 years.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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The present value of an
Present value = $13,000, and the interest rate is 6.6% compounded monthly for 8 years.
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