Question 15 The 18,000-dollar present value of a certain annuity carries a payment amount that needs to be made indefinitely at 7.12% interest rate, compounded weekly. How much money should be paid regularly? $23.18 B $24.65 $22.56 $20.93

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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Question 15
The 18,000-dollar present value of a certain annuity carries a payment amount that needs to be made indefinitely at 7.12% interest
rate, compounded weekly. How much money should be paid regularly?
A $23.18
B
$24.65
C) $22.56
D) $20.93
Transcribed Image Text:Question 15 The 18,000-dollar present value of a certain annuity carries a payment amount that needs to be made indefinitely at 7.12% interest rate, compounded weekly. How much money should be paid regularly? A $23.18 B $24.65 C) $22.56 D) $20.93
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