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Annuity question?
Annuity question?
Posted at:
2014-12-05
what is the present value of an annuity of $100 per month, compounded monthly, for 3 years earning a 5% interest rate?
3,440.76
what is the present value of an annuity of $100 per month, compounded monthly, for 3 years earning a 5% interest rate?
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What is the present value of an annuity of $100 per year for 3 years earning 5% interest rate compunded annual?