A debt of $5000 is due November 1, 2024. What is the value of the obligation on

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A debt of $5000 is due November 1, 2024. What is the value of the obligation on February 1, 2018, if money is worth 7% compounded quarterly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Sep 21, 2024 05:19 AM

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A debt of $5000 is due November 1, 2024. What is the value of the obligation on February 1, 2018, if money is worth 7% compounded quarterly?
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A debt of $5000 is due November 1, 2024. What is the value of the obligation on

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FV 500000 I Y 7 CY 4 i 74 175 00175 Feb...View the full answer

Contemporary Business Mathematics with Canadian Applications

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