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Exercise A3-19 (Algorithmic) Present Values Use Present Value Tables or your calculator to complete the requirements below. You have an opportunity to purchase a government
Exercise A3-19 (Algorithmic) Present Values Use Present Value Tables or your calculator to complete the requirements below. You have an opportunity to purchase a government security that will pay $183,000 in 5 years. Required: Round your answers to the nearest cent, if rounding is required. 1. Calculate what you would pay for the security if the appropriate interest (discount) rate is 6% compounded annually. $ 2. Calculate what you would pay for the security if the appropriate interest (discount) rate is 10% compounded annually. $ 3. Calculate what you would pay for the security if the appropriate interest (discount) rate is 6% compounded semiannually
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