Question:Determine the present worth of an annuity of 6 payments of $
120,000 each, the payments...
Question
Determine the present worth of an annuity of 6 payments of $
120,000 each, the payments...
Determine the present worth of an annuity of 6 payments of $
120,000 each, the payments are made at the beginning of each year.
Assume money is worth 15% compound annually?