Hy price has a thirty year annuity which has end-of-month, Ask an Expert

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Hy Price has a thirty year annuity which has end-of-month payments. The first year the payments are each $240. In subsequent years each payment increases by $10 over what it was the previous year. Find the present value if the annual effective interest rate is i=4%.

NOT AN EXCEL OPERATION PLEASE.

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Financial Management, Finance

Category:- Financial Management
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