SOLUTION: Find the present value of the ordinary annuity. Payments of $2800 made annually for 25 years at 7% compounded annually
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Question 937052
:
Find the present value of the ordinary annuity.
Payments of $2800 made annually for 25 years at 7% compounded annually
Answer by
ptfile(81)
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Same procedure as
Question #933932
. Make a=$2800, r=.07, n=1 and t=25.