If money can be invested at 0.6% per month, which has the greater economic value: $5230 on

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If money can be invested at 0.6% per month, which has the greater economic value: $5230 on a specific date or $5500 exactly five months later? At what rate (per month) would the two amounts be economically equivalent?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:11 AM

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If money can be invested at 0.6% per month, which has the greater economic value: $5230 on

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The equivalent value of 5230 five months from now is S P 1 rt 52301 0006 5 53...View the full answer

Business Mathematics In Canada

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