Homework Answers
Annuity payments (PMT) = 6000
rate = 0.5% per month
Number of years(nper) = 300
Size of the annuity at the start of 25 year period =
![=pv(0.5%,300,6000 PV(rate, nper, pmt, [fv], [type])](http://img.homeworklib.com/questions/7596d900-7a62-11ea-8117-65423627a8f6.png?x-oss-process=image/resize,w_560)
= $
931,241.18
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