If a 48-month annuity has a present value of $6,700 and a discount rate of 5.8%, then

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If a 48-month annuity has a present value of $6,700 and a discount rate of 5.8%, then how large are its monthly payments (in dollars and cents)?

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Cost Benefit Analysis Concepts and Practice

ISBN: 978-0137002696

4th edition

Authors: Anthony Boardman, David Greenberg, Aidan Vining, David Weimer

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Posted Date: Apr 11, 2023 03:32 AM

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If a 48-month annuity has a present value of $6,700 and a discount rate of 5.8%, then

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We can use the present value formula for an annuity to calculate the monthly payments PV Payment 1 ... View the full answer

Cost Benefit Analysis Concepts and Practice

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