Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 24P
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To help with her retirement savings, Isabel invests in an ordinary
How much money does she need to pay into the annuity each quarter for the annuity to have a total value of 96,000 pesos after 19 years?
Do not round intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial formulas.
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