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Question 5.2A

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Question;Multiple compounding periods: Find the present value of $3,500;under each of the following rates and periods:a. 8.9;percent compounded monthly for five years.b. 6.6;percent compounded quarterly for eight years.c. 4.3 percent compounded daily for four years.d. 5.7 percent compounded continuously for three years.

 

Paper#60250 | Written in 18-Jul-2015

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