Question
What is the discounted value of $1107.00 paid at the end of every sixmonths for 10 years if interest is 5% per annum compounded quarterly?
What is the discounted value of $1107.00 paid at the end of every sixmonths for 10 years if interest is 5% per annum compounded quarterly?
The discounted value is $______
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places asneeded.)
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Linear Algebra A Modern Introduction
Authors: David Poole
4th edition
1285463242, 978-1285982830, 1285982835, 978-1285463247
