A present sum of $50,000 at an interest rate of 12% per year compounded quarterly is...
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A present sum of $50,000 at an interest rate of 12% per year compounded quarterly is equivalent to how much money 8 years ago? A present sum of $50,000 at an interest rate of 12% per year compounded quarterly is equivalent to how much money 8 years ago?
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As we need to calculate the present value of a future amount So the formula is PV FV 1 ... View the full answer
Related Book For
Financial Algebra advanced algebra with financial applications
ISBN: 978-0538449670
1st edition
Authors: Robert K. Gerver
Posted Date:
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