What is the present value of $ 9,000 five years from today if interest is? A. 3
Question:
A. 3 percent compounded monthly?
B. 4 percent compounded monthly?
C. 3 percent compounded semimonthly?
D. 4 percent compounded semimonthly?
E. Explain the difference between part A and part C.
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a FV 9000 ANN 0 r 3 c 12 n 60 PV 774782 b FV 9000 ...View the full answer
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Related Book For 
Introduction to Accounting An Integrated Approach
ISBN: 978-0078136603
6th edition
Authors: Penne Ainsworth, Dan Deines
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