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b) (5 pts) Deduce the equation for the present value of the interest earned if an amount of money Po is invested today at
b) (5 pts) Deduce the equation for the present value of the interest earned if an amount of money Po is invested today at a compound interest rate i annually with monthly payments for n years.
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
