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Question

$1.50 For Akosua only please!

Asked by :
XXIAO
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Q:

Your uncle promises to give you $550 per quarter for the next

five years with the first payment made today.  Approximately, how much is his promise worth right now if the interest rate is 8% compounded quarterly?

 

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$1.50
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  • Posted on Jul 13, 2012 at 4:51:38PM
Posted by :
Bract1980
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A:
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Assigment.docx (15K) (Preview)