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[answered] 12. What are the future and present value of an annuity of


12. What are the future and present value of an annuity of $100 payable atthe beginning of each quarter for 15 years if the interest rate is 12%compounded quarterly? (5 marks)


Interest is compounded quarterly

 

12 3%

 

4

 

T 15 4 60

 

R 1 i n i Future value C 1 i i C Cash flow per period,i interest raten, n number of payments 1.0360 1 Future value 100 1.03 16789 0.03 Present...

 


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