Determine the present value of an ordinary annuity paid annually for 25 years if payments are 1.200$ per year for the first 7 years, 5.500$ for the following 8 years and 2.500$ in the final 10 years. Interest is j12 = 6% throughout the entire period.
1
Expert's answer
2021-10-28T19:04:01-0400
The answer to your question is provided in the image:
Comments
Leave a comment