A $10,000 eight-year investment earns interest at 12% compounded semi-annually. If it is sold 30 months before

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A $10,000 eight-year investment earns interest at 12% compounded semi-annually. If it is sold 30 months before maturity to yield 16% compounded quarterly, what is its selling price?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0134141084

11th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs

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Posted Date: Jun 27, 2022 01:41 AM

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A $10,000 eight-year investment earns interest at 12% compounded semi-annually. If it is sold 30 months before

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Given A 10000 8 year investment earns interest 12 Compounded semiannually but it i... View the full answer

Contemporary Business Mathematics with Canadian Applications

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