Question: Find the present value annuity factor for a 11-year annuity whose annual rate is 9.7% with monthly compounding. Round your answer to the nearest thousandth
Find the present value annuity factor for a 11-year annuity whose annual rate is 9.7% with monthly compounding.
Round your answer to the nearest thousandth place (3 digits after the decimal point).
(show how you would put in financial calculator)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
