An annuity immediate pays 200 every month for 10 years, Ask an Expert

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An annuity immediate pays 200 every month for 10 years. Calculate the present value at the following rates of interest:

Annual effective interest rate of 6%

Nominal interest rate convertible monthly of 8%

Nominal rate of discount convertible once every two years of 4%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92676663

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