Question Assignment description
If
rates of interest are 5 p.c, what’s the current worth of a $900 annuity
cost over three years? Until in any other case directed, assume annual
compounding durations.
Recalculate
the current worth at 10 p.c curiosity and 13 p.c curiosity.
What’s
the current worth of a sequence of $1150 funds made yearly for 14
years when the low cost charge is 9 p.c?
