A 20-year annuity pays 1300 per month and payments are made, Finance Basics

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A 20-year annuity pays 1300 per month and payments are made

A 20-year annuity pays $1,300 per month, and payments are made at the end of each month. If the interest rate is 11 percent compounded monthly for the first ten years, and 7 percent compounded monthly thereafter, what is the present value of the annuity?

What is the present value?

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Finance Basics: A 20-year annuity pays 1300 per month and payments are made

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Finance Basics: A 20-year annuity pays 1300 per month and payments are made

Reference No:- TGS0602564

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : A lamp r 146 omegacapgif an electric heater r 25

Q : Under what circumstances would a companys stock trade for

Q : Assuming that numbers of crimes in 4-weekly periods are

Q : A dsp system has a sampling frequency of 800 hz what is the

Q : A 20-year annuity pays 1300 per month and payments are made

Q : The sampling frequency in a dsp system is fs8 khz

Q : Abc corp believes the following probability distribution

Q : A solid lead sphere of volume 040m3 dropped in the ocean

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Ask an Expert for Answer!!

Finance Basics: A 20-year annuity pays 1300 per month and payments are made

Reference No:- TGS0602564

Recent Questions Asked Finance Basics

Q : A lamp r 146 omegacapgif an electric heater r 25

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Q : The sampling frequency in a dsp system is fs8 khz

Q : Abc corp believes the following probability distribution

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