What single amount, paid three years from now, would be economically equivalent to the combination of $1400

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What single amount, paid three years from now, would be economically equivalent to the combination of $1400 due today and $1800 due in five years, if funds can be invested to earn 6% compounded quarterly?

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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 07:22 AM

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What single amount, paid three years from now, would be economically equivalent to the combination of $1400

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Equivalent value 3 years fro...View the full answer

Business Mathematics In Canada

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