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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 51
Solve the following application problem.
A note for $3500 was made at 8% per year compounded annually for 3 years. Find (a) the maturity value __________________ and (b) the present value of the note assuming 5% per year compounded semiannually. __________________
A note for $3500 was made at 8% per year compounded annually for 3 years. Find (a) the maturity value __________________ and (b) the present value of the note assuming 5% per year compounded semiannually. __________________
Explanation
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Suppose the interest compounded annual...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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