A contract requires end-of-month payments of $175 for the next 81 gears. How much would an investor

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A contract requires end-of-month payments of $175 for the next 81 gears. How much would an investor pay to purchase this contract if she requires a rate of return of 3% compounded monthly?

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Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

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Question Posted: Oct 21, 2020 05:07 AM

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A contract requires end-of-month payments of $175 for the next 81 gears. How much would an investor

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Given PV i 3 025 PMT 175 n 128...View the full answer

Fundamentals Of Business Mathematics In Canada

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