Payments of 1000 are to be made at the end of each year for


payments of $1000 are to be made at the end of each year for the next 3 years. What is the present worth of the three payments if interest is 12% compounded monthly? what series of monthly payments would be equivalent to the $1000 year payments?

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Civil Engineering: Payments of 1000 are to be made at the end of each year for
Reference No:- TGS0650865

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