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The PHC is offering a prize of $3,000 per week for 5 years. If the interest rate is 5.2%, compounded weekly, what is the
The PHC is offering a prize of $3,000 per week for 5 years. If the interest rate is 5.2%, compounded weekly, what is the present equivalent value of the prize? What is the future equivalent value at the end of 5 years? Assume 52 weeks in a year.
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
