Estimate the Present Value of an Annuity If Payments Are

question 26

Short Answer

Estimate the present value of an annuity if payments are $1,400 monthly for 14 years and the account earns interest at the rate of 10% per year compounded continuously. Please round the answer to the nearest cent dollar.
$__________

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Definitions:

No Personal Liability

Refers to the legal protection shielding individual assets from being used to satisfy business debts and liabilities.