A corporation makes a payment of $2.65 million at the end of 2017 for services rendered by a large database company. With an annual interest rate of 11%, what annual payments at the end of years 2017 through 2022 will be equivalent to $2.65 million at the end of 2017?
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Ответ:
Required PMT = $564,334 (Approx)
Explanation:
Given:
Present value (PV) = $2,650,000
Rate (r) = 11% = 0.11
Time (n) = 6
Find:
Required PMT
Computation:
Required PMT = $564,334 (Approx)
Ответ: