More General Annuity

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Unformatted text preview: to lend money at 12% per year compounded monthly for 48 months with a zero downpayment. How much can you spend on a car today? Assume the first payment is due exactly one month after you buy the car. PV of an Annuity Due - Recall the example from before, but assume your grandparents plan to give your sister $1,000 at the beginning of each year in college (starting now) for four years. What is the present value of this annuity? As b...
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This document was uploaded on 03/17/2014 for the course COMM 298 at University of British Columbia.

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