Amal purchased a perpetuity that was paying her $12,500 at the end of every six months and
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Amal purchased a perpetuity that was paying her $12,500 at the end of every six months and that had an interest rate of 8% compounded semi-annually. How much less would it cost Amal if the perpetuity had an interest rate of 8% compounded quarterly instead of 8% compounded semi-annually?
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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