Question
In: Finance
Find the payment that should be used for the annuitydue whose future value is given....
Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $10,000, quarterly payments for 14 years, interest rate 9%
Solutions
Expert Solution
Future value of an annuity due:
FV = 10,000
r = 9%/4 = 0.0225
n = 14 * 4 = 56
jeff jeffy answered 2 years agoRelated Solutions
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appropriate key to find the unknown variable. Then, without
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