A) What is the maximum price you should pay for a contract guaranteeing month end payments of

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A) What is the maximum price you should pay for a contract guaranteeing month end payments of $500 for the next 12 years if you require a rate of return of at least 6% compounded monthly for the first 5 years and at least 7% compounded monthly for the next 7 years? B) calculate the amount of interest paid and include a timeline diagram

Posted Date: May 19, 2024 02:06 AM

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A) What is the maximum price you should pay for a contract guaranteeing month end payments of

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