Question: Suppose i = 3%. Show that the value, one month BEFORE the first payment, of a level annuity-due paying $200 at the beginning of each

Suppose i = 3%. Show that the value, one month BEFORE

Suppose i = 3%. Show that the value, one month BEFORE the first payment, of a level annuity-due paying $200 at the beginning of each month for n=5 years is $11,141.62

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