Determined the multiple cash flows for a year

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Reference no: EM1312209

Excel spreadsheet and the FV<PV< and PMT functions to determine the amount of each of the following. R=annual interest rate and t= number of years. When there are multiple cash flows per year, the amount of the annuity shown below is the amount of each individual cash flow (not the total cash flow for the year). Round all answers to the nearest dollar.

The semi-annual annuity payment that will pay off over six years, a $9,860 debt owed today if R=13%

Reference no: EM1312209

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