Compute the present values of the following annuities first assuming that payments are made on the...
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Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) $ Payment Years 088.09 8,008 20 20,422 03 69,812 54 8 14 24 5 Interest Rate (Annual) 14% 7 5 32 Present Value (Payment made on last day of period) Present Value (Payment made on first day of period) Compute the present values of the following annuities first assuming that payments are made on the last day of the period and then assuming payments are made on the first day of the period: (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) $ Payment Years 088.09 8,008 20 20,422 03 69,812 54 8 14 24 5 Interest Rate (Annual) 14% 7 5 32 Present Value (Payment made on last day of period) Present Value (Payment made on first day of period)
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Related Book For
Financial Markets And Institutions
ISBN: 9781264098729
8th Edition
Authors: Anthony Saunders, Marcia Cornett
Posted Date:
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