Homework Answers
| PVOrdinary Annuity = C*[(1-(1+i/100)^(-n))/(i/100)] |
| C = Cash flow per period |
| i = interest rate |
| n = number of payments |
| PV= 34291*((1-(1+ 8/100)^-7)/(8/100)) |
| PV = 178531.64 |
| Please ask remaining parts seperately, questions are unrelated, |
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