Illustrate the procedure described in Exercise 5 to find the preset value of an investment if you

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Illustrate the procedure described in Exercise 5 to find the preset value of an investment if you want to have $500 at the end of two years. The investment earns 8% compounded quarterly. Check your result using the present value table?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:54 AM

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Illustrate the procedure described in Exercise 5 to find the preset value of an investment if you

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Two years at 8 compounded quarterly amounts to 8 periods at 2 per period Using ...View the full answer

Business Math

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