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Savings amount # of Payments $ 1,000.00 24 You plan to put $1,000 in a saving plan per MONTH (end of month) for 2 years.
Savings amount # of Payments $ 1,000.00 24 You plan to put $1,000 in a saving plan per MONTH (end of month) for 2 years. Compute the present value (PV) of the plan with each of the following options? Option A a) Receive 12% stated (nominal) annual interest rate, interst is compounded monthly. b) Receive 12.5% stated (nominal) annual interest rate, interest is compounded annually. C) Receive 11.5% stated (nominal) annual interest rate, interest is compounded daily. d) Receive 12% nominal anuual interest rate, interest is compounded quarterly. e) Receive 12.5% nominal interest rate, interest is compounded continuously. Option B Option C Option D Option E Savings amount # of Payments $ 1,000.00 24 You plan to put $1,000 in a saving plan per MONTH (end of month) for 2 years. Compute the present value (PV) of the plan with each of the following options? Option A a) Receive 12% stated (nominal) annual interest rate, interst is compounded monthly. b) Receive 12.5% stated (nominal) annual interest rate, interest is compounded annually. C) Receive 11.5% stated (nominal) annual interest rate, interest is compounded daily. d) Receive 12% nominal anuual interest rate, interest is compounded quarterly. e) Receive 12.5% nominal interest rate, interest is compounded continuously. Option B Option C Option D Option E
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