Kathys rich uncle promises her an allowance of $ 1 0 , 0 0 0 per month
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Kathys rich uncle promises her an allowance of $ per month for months, with the first allowance to be made month from today. If the interest rate is per month, what is the present value of the promised allowance?
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To calculate the present value of the promised allowance we can use the fo... View the full answer
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