Find the payment that should be used for the annuity due whose future value is given....

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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. Assume that the compounding period is the same as the payment period. $21,000; quarterly payments for 14 years; interest rate 4.7%

What should the payment be?

business finance

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Answer 1

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07 fx =PMT(C2,C3,C4,-C5, C6) A B D 0.01175 0.047/4 56 14*4 1 2 RATE(1/4) 3 NPER 4 PV 5 FV 6 TYPE Rate Per Period Total No.of

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Answer 2

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