Two payments of $2000 each are to be received six and twelve months from now. If money

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Two payments of $2000 each are to be received six and twelve months from now. If money is worth 10%, what is the total equivalent value of the payments:
a. Today?
b. Six months from today?
c. Explain why the answer in Part (b) is larger.

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:05 AM

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Two payments of $2000 each are to be received six and twelve months from now. If money

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a Equivalent value today b Equivalent value 6 mont...View the full answer

Business Mathematics In Canada

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