Homework Answers
Ans $ 6,148,980.41
| Annuity PV Factor (End of Year) = | P [ 1 - ( 1 + r )-n ] |
| r | |
| 400000* ( 1 - ((1 / (1 + 5%)^30))) | |
| 5% | |
| 307449.0205 | |
| 0.05 | |
| 6148980.41 | |
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