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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 67
Solve the following application problem.
Computers, Inc., accepted a 2-year note for $12,540 in lieu of immediate payment for computer equipment sold to a local firm. Find (a) the maturity value given a 10% rate compounded annually __________________ and (b) the present value of the note at 6% per year compounded semiannually. __________________
Computers, Inc., accepted a 2-year note for $12,540 in lieu of immediate payment for computer equipment sold to a local firm. Find (a) the maturity value given a 10% rate compounded annually __________________ and (b) the present value of the note at 6% 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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