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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 Proceeds of $5000 Four Years and Nine Months
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Determine the Proceeds of $5000 Four Years and Nine Months

Question 154

Question 154

Essay

Determine the proceeds of $5000 four years and nine months before the due date if interest is 8% compounded semi-annually.

Correct Answer:

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n = (4 + blured image blured image PV = 5000...

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