What is the Present Value of an ordinary annuity that pays 300 dollars a month for

300 months? Assume the interest rate is 10 percent APR compounded monthly?

Show your work.

Sample Solution

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# Present Value

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What is the Present Value of an ordinary annuity that pays 300 dollars a month for

300 months? Assume the interest rate is 10 percent APR compounded monthly?

Show your work.

Sample Solution