Homework Answers
| FVAnnuity Due = c*(((1+ i)^n - 1)/i)*(1 + i ) |
| C = Cash flow per period |
| i = interest rate |
| n = number of payments |
| 1000000= Cash Flow*(((1+ 12/1200)^(15*12)-1)/(12/1200))*(1+12/1200) |
| Cash Flow = 1981.86 |
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