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Suppose you don't have the $3,000 but need it at the end of 1 year. You plan to make a series of deposits annually for
Suppose you don't have the $3,000 but need it at the end of 1 year. You plan to make a series of deposits annually for A, semiannually for B, quarterly for C, monthly for D, and daily for E with payments beginning today. How large must the payments be to each bank? Round your answers to the nearest cent.
Nominal Rate :
A 6% B 5.91%, C 5.87%, D 5.84%, E 7.85%
A | B | C | D | E | ||||||
Payment | $ | $ | $ | $ | $ |
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