Iculator to eva 1 P = m values of the v $50; 5%; 3 y

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 17PROB
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%24
Use a calculator to evaluate the present value of an annuity formula
-(1 +4)-nt-
1
P = m
n
for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.)
$50; 5%; 3 yr
Enter a number.
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Transcribed Image Text:%24 Use a calculator to evaluate the present value of an annuity formula -(1 +4)-nt- 1 P = m n for the values of the variables m, r, and t (respectively). Assume n = 12. (Round your answer to the nearest cent.) $50; 5%; 3 yr Enter a number. Need Help? Read It
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