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Find the amount that should be invested now (PV) to accumulate the following amount, if the money is compounded as indicated. PV-$4700 at 5%
Find the amount that should be invested now (PV) to accumulate the following amount, if the money is compounded as indicated. PV-$4700 at 5% compounded quarterly (m-4) for t-10 yr FV PV(1+rt) FV=PV(1+0)", PV=FV/(1+rt). PV= FV (1+1)* Please show your work?
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Financial ACCT2
Authors: Norman H. Godwin, C. Wayne Alderman
2nd edition
9781285632544, 1111530769, 1285632540, 978-1111530761
