
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Find the present value of an annuity immediate that has an initial payment of 450 with payments increasing by 75 for each subsequent period. The annuity provides 30 monthly payments and the interest rate is a nominal 8% compounded monthly.
please do not use excel or a financial calculator to answer
please answer using formulas and show all work etc
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