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I need help please with this question. 1-4 Use cash flow diagram showing below is on base of Quarterly-Period and rate of 3%. Show detail
I need help please with this question. 1-4
Use cash flow diagram showing below is on base of Quarterly-Period and rate of 3%. Show detail of your calculation: Set up, Formula; Final Answers for each part. $5,000 $500 0 1 2 3 4 P= ? 1) Compute the value of P? 2) What is the effective rate on base of Semi-Annually? 3) What is the effective rate on base of Continuously? 4) What is the effective rate on the base of every other year?| Step by Step Solution
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