A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount
Question:
A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount at an interest rate of 9% compounded
(a) Quarterly?
(b) Monthly?
(c) Continuously?
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a b c 009 ...View the full answer
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Mehwish Aziz
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