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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. math exams: Question FM 11/14/2011 11:33

Monday, November 14, 2011

Question FM 11/14/2011 11:33

Determine the present value of payments of $\%10$ to be made at the beginning of each year, starting now. The payments continue forever. The annual effective interest rate is $6\%$.

Ans: $\$176.6$
Posted by Ssafini : at 8:36 PM

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