Question
Calculate the future value of an ordinary annuity with payments of $600 every 6 months for 16 years. The rate of return will be 8%
Calculate the future value of an ordinary annuity with payments of $600 every 6 months for 16 years. The rate of return will be 8% compounded semi-annually for the first 542 years and 9% compounded semi-annually for the subsequent 10%2 years.
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Future value FV PMT 11 1 11 rn Now FV 600 600...
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Fundamentals Of Business Mathematics In Canada
Authors: F. Ernest Jerome, Jackie Shemko
3rd Edition
1259370151, 978-1259370151
