Use Table 14 3 to find the amount that needs to be invested today to receive payments for the specified length of time Payment amount 1 $7,000 2 $20,000 3 $10,000 4 $6,000 Annual interest rate 2 5 8 5 Years 30 15 Frequency of payments Annually Semiannually Quarterly Annually 10...

1 Number of payments 30 Period rate 2 Table 143 value 22396 Present value 70002 ...

Use Table 14 - 3 to find the amount that needs to be invested today to receive

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Use Table 14 - 3 to find the amount that needs to be invested today to receive payments for the specified length of time?

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Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Question Posted: Mar 11, 2016 01:56 AM

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Use Table 14 - 3 to find the amount that needs to be invested today to receive

Question:

Payment amount 1 $7,000 2. $20,000 3. $10,000 4. $6,000 Annual interest rate 2% 5% 8% 5% Years 30 15 Frequency of payments Annually Semiannually Quarterly Annually 10

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1 Number of payments 30 Period rate 2 Table 143 value 22396 Present value 70002...View the full answer

Business Math

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