Answered: Problem 54.8 Calculate the modified…

Problem 54.8 Calculate the modified duration of an annuity due with payments of 100 for 10 years using an interest rate of 8%.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Problem 54.8
Calculate the modified duration of an annuity due with payments of 100 for
10 years using an interest rate of 8%.

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