Question
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.) $28,000 after 7 years at 4% if the interest
Calculate the present value of the compound interest loan. (Round your answers to the nearest cent.)
$28,000 after 7 years at 4% if the interest is compounded in the following ways.
(a) annually $ (b) quarterly $
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
