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gewusel gewusel
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6 years ago
Find the present value and the compound discount of $6 600.00 due in seven years, three months, if interest is 7.2% compounded quarterly.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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wrote...
6 years ago
FV = 6600.00; m = 4; i =   = 1.8% = 0.018; n = 7.25 * 4 = 29
PV = 6600.00(1.018)-29 = 6600.00(.5960936) = $3934.22
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