Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $18,000; quarterly payments for 18 years; interest rate 7.6% The payment should be $ (Do not round until the final answer. Then round to the nearest cent as needed.) P
Find the payment that should be used for the annuity due whose future value is given. Assume that the compounding period is the same as the payment period. $18,000; quarterly payments for 18 years; interest rate 7.6% The payment should be $ (Do not round until the final answer. Then round to the nearest cent as needed.) P
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 21E
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