Question
Find the present value and the compound discount of $7261.75 due 7.5 years from now if money is worth 2.1% compounded monthly. The present value
Find the present value and the compound discount of $7261.75 due 7.5 years from now if money is worth 2.1% compounded monthly.
The present value of the money is?
(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
The compound discount is?
(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Personal Finance
Authors: E Thomas Garman, Raymond E Forgue
10th Edition
143903902X, 9781439039021
