Question
Find the periodic payment R required to accumulate a sum of S dollars over t yr with interest earned at the rate of r %/year
Find the periodic payment R required to accumulate a sum of S dollars over t yr with interest earned at the rate of r%/year compounded m times a year. (Round your answer to the nearest cent.)
S = 370,000, r = 6.5, t = 13, m = 6
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
