Find the present value of each future amount: $15,402 for 120 days; money earns 6.3%
Answer to relevant QuestionsFind the interest rate to the nearest tenth on the proceeds for the following simple discount notes. $5,000; discount rate 8.1%; length of loan 6 months.Find the compount amount for each of the following deposits: $15,000 at 4.6% compounded semiannually for 11 years.As the prize in a contest, you are offered $1,000 now or $1210 in 5 years. If money can be invested at 6% compounded annually, which is larger?You have just won the lottery. You will receive $1,000,000 today, and then receive 40 payments of $500,000. These payments will start one year from now and will be paid every six months. A representative from Greenleaf ...Does a municipal bond earn a higher return than a zero-coupon bond? Why?
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