A contract requires end-of-month payments of $175 for another 8 1/4 years. What would an investor pay

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A contract requires end-of-month payments of $175 for another 8 1/4 years. What would an investor pay to purchase this contract if she requires a rate of return of 6% compounded monthly?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:42 AM

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A contract requires end-of-month payments of $175 for another 8 1/4 years. What would an investor pay

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Given i 612 05 PMT 175 The investor wou...View the full answer

Business Mathematics In Canada

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