What minimum amount will have to be dedicated today to a fund earning 5.6% compounded quarterly, if

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What minimum amount will have to be dedicated today to a fund earning 5.6% compounded quarterly, if the first quarterly payment of $2000 in perpetuity is to occur:
a. Three months from now?
b. Five years from now?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Sep 21, 2024 08:02 AM

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What minimum amount will have to be dedicated today to a fund earning 5.6% compounded quarterly, if

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The amount thatmust be dedicated today is the present value of the future payments a Th...View the full answer

Business Mathematics In Canada

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