A series of equal quarterly payments of $8,000 for 15 years is equivalent to what present amount

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A series of equal quarterly payments of $8,000 for 15 years is equivalent to what present amount at an interest rate of 9% compounded at the given intervals?
(a) Quarterly
(b) Monthly
(c) Continuously

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Question Posted: Apr 21, 2016 06:36 AM

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A series of equal quarterly payments of $8,000 for 15 years is equivalent to what present amount

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a Quarterly effective interest rate 225 P 8...View the full answer

Contemporary Engineering Economics

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