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    present value

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    Find the payment necessary to amortize a 8% loan of $2400 compounded quarterly, with 12 quarterly payments.

    Find the present value of an ordinary annuity which has payments of $1800 per year for 14 years at 8% compounded annually.

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    https://brainmass.com/math/discrete-math/present-value-287835

    Solution Summary

    Find the present value of an ordinary annuity.

    $2.19