FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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If you were to invest $2000 today and in return receive $450 anually for 6 years, what is your annual
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Step 1
N=6
PMT=450
PV=2000
I=?
2000=450/(1+I)+450/(1+I)^2........+450/(1+I)^6
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