A series of ten quarterly payments of $1500 at the rate of 12 percent per annum compounded
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Question:
A series of ten quarterly payments of $1500 at the rate of 12 percent per annum compounded quarterly is equivalent to three semi-annual withdrawals from the third year. What is the amount of these three payments? If the three withdrawals are annual from the fourth year, recalculate the amount
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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