EAR = 1.0125 12 - 1= .1608, or 16.08% The effective rate is about one point higher than the quoted rate. INKING AND CONCEPTS REVIEW 5.1 Annuity Period As you increase the length of time involved, what...


EAR = 1.0125 12 - 1= .1608, or 16.08%<br>The effective rate is about one point higher than the quoted rate.<br>INKING AND CONCEPTS REVIEW<br>5.1 Annuity Period As you increase the length of time involved, what happens<br>to the present value of an annuity? What happens to the future value?<br>LO 1<br>

Extracted text: EAR = 1.0125 12 - 1= .1608, or 16.08% The effective rate is about one point higher than the quoted rate. INKING AND CONCEPTS REVIEW 5.1 Annuity Period As you increase the length of time involved, what happens to the present value of an annuity? What happens to the future value? LO 1

Jun 07, 2022
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