question archive Find the payment that should be used for the annuity due whose future value is given
Find the payment that should be used for the annuity due whose future value is given
Subject:AccountingPrice: Bought3
Find the payment that should be used for the annuity due whose future
value is given. Assume that the compounding period is the same as the payment period.
$22,000; quarterly payments for 8 years; interest rate 6.3%
The payment should be $???
