If money earns 3 . 3 6 % compounded quarterly, what single payment in two years would

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Question:

If money earns

3.36 %

compounded quarterly, what single payment in two years would be equivalent to a payment of $

2, 970

due three years ago, but not paid, and $

700

today?

Related Book For answer-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Posted Date: Mar 16, 2024 02:54 AM

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If money earns 3 . 3 6 % compounded quarterly, what single payment in two years would

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Business Mathematics In Canada

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