A perpetuity is to pay $28,000 at the end of every 6 months. How much less money

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A perpetuity is to pay $28,000 at the end of every 6 months. How much less money is required to fund the perpetuity if the money can be invested to earn 6% compounded semiannually instead of 5% compounded quarterly?rn

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Mathematical Applications for the Management Life and Social Sciences

ISBN: 978-1305108042

11th edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Posted Date: Aug 26, 2020 08:32 PM

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A perpetuity is to pay $28,000 at the end of every 6 months. How much less money

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280001032102520302526923154 To find the present value of a perpetuity we use the following equ... View the full answer

Mathematical Applications for the Management Life and Social Sciences

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