Question: The applicable rate for the part below is 7% p.a. compounded quarterly. a. What is the equivalent value in 6 months of $580 today? b.

The applicable rate for the part below is 7% p.a. compounded quarterly.

a. What is the equivalent value in 6 months of $580 today?

b. What is the equivalent value today of $580 in 6 months?

c. What is the equivalent value in 1 year of $580 in 6 months?

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