What is the pv


What is the PV of a 360 month annuity paying $5 per month, beginning at $5 next month, if the monthly interest rate is a constant 0.5%/month (6.2%/year)?

Solution Preview :

Prepared by a verified Expert
Finance Basics: What is the pv
Reference No:- TGS0672425

Now Priced at $5 (50% Discount)

Recommended (93%)

Rated (4.5/5)