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November 20, 2009
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Homework Help Forum: Finance

Posted by Lance on Monday, October 26, 2009 at 9:44pm.

Solve for x.

10000 = 2500(1.0425)^3 + X(1.0425)^2 + 3500(1.0425)^1

  • Finance - Lance, Monday, October 26, 2009 at 10:12pm

    what is the present value of annuity of $950 per year for 18 years ( with the first payment to be made today and the last payment to be made 17 years from today) give an interest rate of 7.5% p.a?

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