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Chapter 3 section 7

Chapter 3 section 7 - 46(S11HW An annuity pays 100 at the...

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Chapter 3, Section 7 44. (S11HW) An annuity pays 100 at the end of each month for 4 years and then 200 a month at the end of each month for the next four years. Calculate the present value at i(12) = 0.09. 45. (S11HW) An annuity pays 100 at the end of each month for 4 years and then 200 a month at the end of each month for the next four years. Calculate the accumulated value at i(12) = 0.08.
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Unformatted text preview: 46. (S11HW) An annuity pays 100 at the end of each month for 4 years and then 200 a month at the end of each month for the next four years. Calculate the current value right after the 48th payment at i(12) = 0.09 47. Book Problem 3.7, Number 1 48. Book Problem 3.7, Number 2 Answers: 44. 9633.21 45. 19,021.85 46. 13,789.03 47. 409.86 48. 4758.51...
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