What minimum amount will have to be dedicated today to a fund earning 3.6% compounded quarterly, if
Question:
What minimum amount will have to be dedicated today to a fund earning 3.6% 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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The amount that must be dedicated today is the present value of the future payme...View the full answer
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Related Book For 
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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