Question: Please help solve the below question .My answer is wrong . I have provided you the correct answer and also the formula pls provide the
Please help solve the below question .My answer is wrong . I have provided you the correct answer and also the formula pls provide the steps of how to solve the question below.



\f) Since the payment interval is different from the conversion period, begin by using p= [1 +i]c 1 to nd p, the rate ofinterest per payment period, where i is the interest rate per interest conversion period and c is given by # of interest conversion periods per year i: = _ # of payment periods per year general annuity is given by the formula below, where PMT is the size of the periodic payment and n is the number of these payments. . The future value F"-.-"El of an ordinary [1 war1] Fv =PMT[ 9 p \f
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
