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Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $5,000 under each of
Posted: Sun Jul 03, 2022 3:58 pm
by answerhappygod
- Assuming A 12 Annual Interest Rate Determine The Present Value Of A Five Period Annual Annuity Of 5 000 Under Each Of 1 (22.56 KiB) Viewed 17 times
Assuming a 12% annual interest rate, determine the present value of a five-period annual annuity of $5,000 under each of the following situations: Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) 1. The payments are received at the end of each of the five years and interest is compounded annually. 2. The payments are received at the beginning of each of the five years and interest is compounded annually. 3. The payments are received at the end of each of the five years and interest is compounded quarterly.