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What is the present value of an ordinary annuity

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Consider a loan for $100,000 to be repaid in equal installments at ed annually. What is the remaining balance of the loan after 2 years?

What is the present value of an ordinary annuity that pays $302 per year for 23 years at 8%? Assume annual compounding. (round your answer to the nearest dollar)

An investor interested in learning what must be earned on investments in order to allow their savings to grow to a certain amount of money in the future is interested should solve for which variable?

  • the number of periods
  • the interest rate
  • the payment
  • the present value
  • the future value

Reference no: EM132652809

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