3 Under a special annuity, there are payments at times t 1,2,3 30 (in years) The amount of the payment at time t is the minimum of $10,000(1 05) and $25,000 Find the present value of this special annuity using a nominal rate of interest of 8 per annum convertible quarterly Give your answer to the ...

PV 41507013 Explanation PV sumlimitst130 fracP1it P minimum of 10000105t and 25 ...

3. Under a special annuity, there are payments at times t = 1,2,3..... 30 (in years)....

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3. Under a special annuity, there are payments at times t = 1,2,3..... 30 (in years)....

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Financial Accounting Tools for business decision making

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