(The time value of money) Q3: Fadi deposited in each year for three years the following amounts...
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(The time value of money)
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Q3: Fadi deposited in each year for three years the following amounts respectively, 1000, 1500, 2000, and compound annual interest rate was 12%, required a. The present value if it is ordinary b. The present value if it is due C. The future value if it is ordinary d. The future value if it is due Q3: Fadi deposited in each year for three years the following amounts respectively, 1000, 1500, 2000, and compound annual interest rate was 12%, required a. The present value if it is ordinary b. The present value if it is due C. The future value if it is ordinary d. The future value if it is due
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Answer rating: 100% (QA)
ANSWERS a 7 39988 b 8 28787 c 20 52045 d 22 98290 WORKINGS a Present Value Ordinary Annuity PMT 1 1 ... View the full answer
Related Book For
Using Financial Accounting Information The Alternative to Debits and Credits
ISBN: 978-1133161646
7th Edition
Authors: Gary A. Porter, Curtis L. Norton
Posted Date:
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