A debt of $5000 is due November 1, 2028. What is the value of the obligation on

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A debt of $5000 is due November 1, 2028. What is the value of the obligation on February 1, 2022, if money is worth 7% compounded quarterly?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:07 AM

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A debt of $5000 is due November 1, 2028. What is the value of the obligation on

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Given That Final Amount 5000 Interest 7 Quarterly Time duration in Months From Feb 1 2020 to Nov 1 ...View the full answer

Contemporary Business Mathematics With Canadian Applications

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