Calculate 1.You would like to have $21037 in 14 years. If the rate is 9.63%, how much
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1.You would like to have $21037 in 14 years. If the rate is 9.63%, how much do you have to invest each month?
2.Your grandfather has an annuity that is worth $93994 today. It will give him monthly payments for 23 years. If the rate is 3.85%, what will be his monthly payment?
3.Your mother has an annuity that will give her monthly payments for 11 years. She tell you it is worth $112662 today. If her required return is 8.25%, what is the monthly payment?
Related Book For
Introduction To Corporate Finance
ISBN: 9781118300763
3rd Edition
Authors: Laurence Booth, Sean Cleary
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