Question
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000after8years at5%if the interest is compounded in the following
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)
$22,000after8years at5%if the interest is compounded in the following ways.
(a) annually
$
(b) quarterly
$
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
