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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
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    Determine the Maturity Value of $5400 Due in 91 Months
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Determine the Maturity Value of $5400 Due in 91 Months

Question 161

Question 161

Essay

Determine the maturity value of $5400 due in 91 months compounding annually at 8.75%.

Correct Answer:

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n = blured image = 7.5833333
FV ...

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