Find the present value of $8,000 payable 10 years from now if the annual interest rate is
Question:
Find the present value of $8,000 payable 10 years from now if the annual interest rate is 6.25% and interest is compounded:
a. Semiannually
b. Continuously
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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