Question
An advertised investment product promises to pay $530 per month for 50 months commencing in 1 month from today. If the investment earns 11.8% p.a
An advertised investment product promises to pay $530 per month for 50 months commencing in 1 month from today. If the investment earns 11.8% p.a compounding monthly, how much will the investment product cost today? (round to nearest cent; dont use $ sign or commas) a. $1669.55 b. $1866.56 c. $20854.50 d. $21059.57
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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
2nd Edition
1284169030, 978-1284169034
