To accumulate 36,419.74 at the end of 3n years, deposits of 174 are made at the...
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To accumulate 36,419.74 at the end of 3n years, deposits of 174 are made at the end of the first n years, and deposits of 87 are made at the end of each of the next 2n years. The annual effective interest rate is i, and you are given that: (1+1) = 3 Calculate i. To accumulate 36,419.74 at the end of 3n years, deposits of 174 are made at the end of the first n years, and deposits of 87 are made at the end of each of the next 2n years. The annual effective interest rate is i, and you are given that: (1+1) = 3 Calculate i.
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CS Given 1ih 3 Accumulated value of the annuity after 107 4 1 i 1 i 174x2 Scanned with C... View the full answer
Related Book For
Financial Management for Decision Makers
ISBN: 978-0138011604
2nd Canadian edition
Authors: Peter Atrill, Paul Hurley
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