The first quarterly payment of 750 in a five-year annuity
The first quarterly payment of $750 in a five-year annuity will be paid in 33/4 years from now. Based on a discount rate of 8.25% compounded monthly, what is the present value of the payments today?
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the first quarterly payment of 750 in a five-year annuity will be paid in 334 years from now based on a discount rate
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