An investment promises to pay a single future payment of $9000. At a market rate of return

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An investment promises to pay a single future payment of $9000. At a market rate of return of 2.15%, the fair market value of this investment is $8872.82. How many months from today is the $9000 scheduled to be paid?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:52 AM

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An investment promises to pay a single future payment of $9000. At a market rate of return

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The investment will earn interest of 90...View the full answer

Fundamentals Of Business Mathematics In Canada

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