l uid JUIl ITl ie lund earns 14 effective how much will the

l uid JUIl, ITl ie lund earns 14% effective, how much will the son get each year starting from his 19th to 27nd birthday? 3, Compute the present value of eighteen monthly payments of $100 each, where interest is 1% per month. Payments occurs at the beginning of each months. 4 You have a huilding for rent and you Were offered tw0 ontions hu a Drosnectiue client

Solution

Ans

It is equal to 100+100/(1+1%)¹+100(1+1%)²+100(1+1%)³+..........+100(1+1%)¹?=100+1556=1656