DexterOnline
Junior Member
- Joined
- Jan 29, 2015
- Messages
- 139
Help me find present value of an annuity in amount of 1000 dollars coming in at the end of each month for 3.5 years
Payments grow at a nominal rate of 6% compounded monthly each year starting at the start of 2nd year and stay at the same growth rate for the whole year
Nominal rate of return on the monthly payments is 9% compounded monthly
Payments grow at a nominal rate of 6% compounded monthly each year starting at the start of 2nd year and stay at the same growth rate for the whole year
Nominal rate of return on the monthly payments is 9% compounded monthly