What is the uniform series of payments equivalent to thefollowing present values
a) $50,000. The series being composed of five annual payments atan effective interest rate of 21% per annum (Answer$17088.27)
b) $16,000. The series comprises eight annual payments ata nominal interest rate of 20% per annumcompounded quarterly. (Answer $4363.94)
c) $30,000. The series is composed of 120 monthly payments at aneffective rate of 15% per year.(Answer $466.84)
What is the uniform series of payments equivalent to the following present values a) $50,000. The series being compos
-
answerhappygod
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am