What principal amount will have a maturity value of $4976.68 after 27 months if it earns 4.5%

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What principal amount will have a maturity value of $4976.68 after 27 months if it earns 4.5% compounded quarterly?

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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 05:48 AM

What principal amount will have a maturity value of $5437.52 after 27 months, if it earns 8.5% compounded quarterly?
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What principal amount will have a maturity value of $4976.68 after 27 months if it earns 4.5%

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Given Maturity Value 497668 Time 27 months In years 2712 years Rate of interest qu...View the full answer

Fundamentals Of Business Mathematics In Canada

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