Suppose the interest rate is 8.4% APR with monthly compounding. What is the present value of an

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Suppose the interest rate is 8.4% APR with monthly compounding. What is the present value of an annuity that pays $105 every 3 months for 7 years?

A) The 6 month effective interest rate is

B) The present value is

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Payroll Accounting 2018

ISBN: 978-1337291040

28th edition

Authors: Bernard J. Bieg, Judith Toland

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Posted Date: Jun 14, 2022 03:54 AM

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Suppose the interest rate is 8.4% APR with monthly compounding. What is the present value of an

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A APR 84 Number of monthsn 12 The 6 month effective in... View the full answer

Payroll Accounting 2018

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