Question
Twelve payments of 2,250 each are made at 2-year intervals. Find the value of the series at the time of the final payment at nominal
Twelve payments of 2,250 each are made at 2-year intervals. Find the value of the series at the time of the final payment at nominal annual discount rate d(4)=0.04.
A) 39,342
B) 49,096
C) 43,653
D) 74,941
E) 67,717
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
