Find the monthly payment that will yield the given future value. (Round your answer to the nearest cent.) $100,000 at 9 1 4% interest for twenty-five years; ordinary annuity
Find the monthly payment that will yield the given future value. (Round your answer to the nearest cent.) $100,000 at 9 1 4% interest for twenty-five years; ordinary annuity
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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Question
Find the monthly payment that will yield the given future value. (Round your answer to the nearest cent.)
$100,000 at
9
%
interest for twenty-five years; ordinary annuity1 |
4 |
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