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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
Edition 7ISBN: 978-1285448596 Exercise 92
Solve the following exercises by using Table 12-2.
Diamond Savings Loan is paying 6% interest compounded monthly. How much must be deposited now to withdraw an annuity of $400 at the end of each month for 2 years?
Diamond Savings Loan is paying 6% interest compounded monthly. How much must be deposited now to withdraw an annuity of $400 at the end of each month for 2 years?
Explanation
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For calculating present value of an annu...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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