Question
11. A divorce settlement of $30,000 is paid in $1,000 payments at the end of each of 30 months. What is the present value of
11. A divorce settlement of $30,000 is paid in $1,000 payments at the end of each of 30 months. What is the present value of this settlement if money is worth 12% compounded monthly (in $)? (Round your answer to the nearest cent.)
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Sound Investing, Chapter 8 - Revenue Hoaxes
Authors: Kate Mooney
3rd Edition
007171930X, 9780071719308
