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bbergeron11 bbergeron11
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4 months ago
Your company wishes to replace a payment of $1,600 three months from now with a single payment today. If money can earn 4.2% compounded monthly, what single payment today can replace the future payment of $1,600?

▸ $1,183.32

▸ $1,383.32

▸ $1,583.32

▸ $1,853.32

▸ $1,538.32
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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satish1015satish1015
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4 months ago
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$1,583.32

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bbergeron11 Author
wrote...

4 months ago
Thanks for your help!!
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Yesterday
Correct Slight Smile TY
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2 hours ago
Good timing, thanks!
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