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An investment returns the following end-of year cash flows: Year 1, $0 Year 2, $1500: Year 3, $3000: Year 4, $4500 Year 4, $6000. Year
An investment returns the following end-of year cash flows: Year 1, $0 Year 2, $1500: Year 3, $3000: Year 4, $4500 Year 4, $6000. Year 5, $6000. Given a 10% interest rate, what is the present worth? (a) $5970 $6597 (c) $9357 (d) $10, 293 A rate of 2% per quarter compounded quarterly is closest to what annual compounded interest rate? (a) 2.00% (b) 8.00% (c) 8.24% (d) 24.00%
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General Accounting Financial Accounting
Authors: Bbc Kikumbi Mwepu
1st Edition
6206329488, 978-6206329480
