Homework Answers
Solution
Present value of annuity=Annuity amount*((1-(1/(1+r)^n))/r)
Where
r-periodic intrest rate-6/12=.5% per month
n=number of periods=16*12=192
Annuity amount=3000
Therefore
Present value of annuity=3000*((1-(1/(1+.005)^192))/.005)
Thus Present value of annuity=369714.0759
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can you please hand write the steps and the answer please. i
need the answer please
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can you hand write the steps and the answer please. please i
need the answer
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Can you please hand write the answers amd work. please I need
the answers for a and b.
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