A present sum of $50,000 at an interest rate of 12 per year compounded quarterly is equivalent to how much money 8 years ago A present sum of $50,000 at an interest rate of 12 per year compounded quarterly is equivalent to how much money 8 years ago ...

As we need to calculate the present value of a future amount So the formula is PV FV 1 ...

A present sum of $50,000 at an interest rate of 12% per year compounded quarterly is...

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Financial Algebra advanced algebra with financial applications

ISBN: 978-0538449670

1st edition

Authors: Robert K. Gerver

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Posted Date: Mar 26, 2022 10:27 AM

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A present sum of $50,000 at an interest rate of 12% per year compounded quarterly is...

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A present sum of $50,000 at an interest rate of 12% per year compounded quarterly is equivalent to how much money 8 years ago? A present sum of $50,000 at an interest rate of 12% per year compounded quarterly is equivalent to how much money 8 years ago?

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As we need to calculate the present value of a future amount So the formula is PV FV 1 ... View the full answer

Financial Algebra advanced algebra with financial applications

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