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Amortization

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Questions and Answers for Amortization

Amortization

Hercules is saving for his retirement by putting $175 each month into an ordinary annuity. if the annuity pays and...

Use the formula for future value of an ordinary annutiy: P = PMT [((1 + r)n - 1) / r] Where: P = The future value of the annuity stream to be paid in the future PMT = The amount of each annuity...

Latest answer posted April 11, 2013 10:09 am UTC

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