Question
Calculating the periodic interest rate given, PV $1,000.00 = FV $1,127.16 1 1,127.16 12x2 i = ( 7.16). 1,000 -1 Select the correct answer
Calculating the periodic interest rate given, PV $1,000.00 = FV $1,127.16 1 1,127.16 12x2 i = ( 7.16). 1,000 -1 Select the correct answer i= i = { 0.500000...% 1.439927...% 1.000000...% m = 12 t = 2 at grew to $1127.16 by the end of 2 years, compounded monthly. Go
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Get StartedRecommended Textbook for
International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
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