An investment wil pay you $20,900 in 17 years. The stated interest rate is 12% (APR). If

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An investment wil pay you $20,900 in 17 years. The stated interest rate is 12% (APR). If interest is compounded quarterly, what is the present value?

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Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jun 23, 2023 01:22 AM

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An investment wil pay you $20,900 in 17 years. The stated interest rate is 12% (APR). If

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To calculate the present value of the investment we can use the formula for comp... View the full answer

Income Tax Fundamentals 2013

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