rate positively ..
we have to use financial calculator to solve this | ||||
put in calculator | ||||
FV | 0 | |||
PMT | -3882 | |||
I | 6% | |||
N | 12 | |||
Compute PV | $32,546.08 | |||
Therefore answer = | 32,546 |
How much would you be willing to pay today for an annuity that promises to pay...
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