What single cash payment made now is equivalent to 11 years of payments of $4800 made at

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What single cash payment made now is equivalent to 11 years of payments of $4800 made at the end of every 6 months with interest at 4.4% compounded quarterly?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:01 AM

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What single cash payment made now is equivalent to 11 years of payments of $4800 made at

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PMT 480000 i 175 n 22 c 42 2 p 101...View the full answer

Contemporary Business Mathematics with Canadian Applications

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