Homework Answers
Calculate proceeds
| Tables values are based on | |||
| n= | 12 | ||
| i= | 2% | ||
| Cash flow | Table value | Amount | Present value |
| Present (maturity) value | 0.7885 | 570000 | 449445 |
| Interest (annuity) | 10.5753 | 17100 | 180838 |
| Total Cash proceeds | 630283 | ||
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