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majarm majarm
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6 years ago
A rental property provides a monthly income of $1472.00 due at the beginning of every month. What is the cash value of the property if money is worth 7.32% compounded monthly?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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wrote...
6 years ago
PV(due) = 1472.00 +   = 1472.00 + 241311.48 = $242 783.48
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