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Find the present value of $775 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to
Find the present value of $775 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent. 12% nominal rate, semiannual compounding, discounted back 5 years. $ 432.76 12% nominal rate, quarterly compounding, discounted back 5 years. $ 429.10 12% nominal rate, monthly compounding, discounted back 1 year. $ 480.70
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Financial Planning Demystified A Self Teaching Guide
Authors: Paul Lim
1st Edition
0071476717,0071709711
