An 8 - year annuity due has a present value of $ 1 , 0 0 0

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8 -

year annuity due has a present value of $

1, 000 .

If the effective annual interest rate is

5 % .

then compute the value of the periodic payment

Related Book For answer-question

Fundamentals Of Financial Management

ISBN: 9780357517574

16th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Apr 04, 2024 02:59 PM

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An 8 - year annuity due has a present value of $ 1 , 0 0 0

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Fundamentals Of Financial Management

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