1. What is the present value of 405,640 given an interest rate of one percent compounded tri...

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1. What is the present value of 405,640 given an interest rate of one percent compounded tri annually for 41 years

2. Madeline plans to buy a car in one year and will need another 19,050 before they can do so. Given an interest rate of 2% compounded monthly how much money do they need to set aside today?

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Dec 13, 2023 11:19 AM

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1. What is the present value of 405,640 given an interest rate of one percent compounded tri...

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1 In order to determine the present value we can use the following formula for compound ... View the full answer

Financial Accounting and Reporting a Global Perspective

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