Question
Complete the following using present value. (Please use the following provided Table.) (Do not round intermediate calculations. Round the PV factor to 4 decimal places
Complete the following using present value. (Please use the following provided Table.) (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.)
| Amount desired at end of period | Length of time | Rate | Compounded | On PV Table 12.3 | PV factor used | PV of amount desired at end of period | |
| Period used | Rate used | ||||||
| $10,200 | 4 years | 12% | Monthly | % | $ | ||
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Trade Union Finance
Authors: Marick F. Masters, Raymond Gibney
1st Edition
1032371382, 978-1032371382
