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Hillier Hillier
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Posts: 550
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6 years ago
Babar wants to withdraw $27 000.00 at the beginning of each quarter for twelve years. If the withdrawals are deferred to begin ten years from now and interest is 5.6% compounded monthly calculate the amount that must be invested today to be able to make the withdrawals.
A) $950 943
B) $1 859 180
C) $543 895
D) $1 063 365
E) $546 034
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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