What single payment now is equivalent to month-end payments of $1000 for ten years? Assume money earns

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What single payment now is equivalent to month-end payments of $1000 for ten years? Assume money earns 9% compounded monthly.

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Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

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