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Present Value of an Annuity Payable PTHLY

An annuity payable PTHLY refers to equated/level payment, to he made in intervals less than one year where p denotes the frequency of payment (e.g 12 for monthly payment and 2 for half yearly payment). The present values of an annuity payable PTHLY in (a) affairs, and (b) advance respectively are computed using Equations 2-A-6 and 2-A.7.


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