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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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    Find the Present Value and the Compound Discount of $7500
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Find the Present Value and the Compound Discount of $7500

Question 77

Question 77

Essay

Find the present value and the compound discount of $7500 due in five years and six months if interest is 4.8% compounded quarterly.

Correct Answer:

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PV = 7500.00(1.012)-22 ...

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