Essay
Two payments of $49 000 each must be made 3 year and 5 year from now. If money can earn 4.9% compounded monthly, what single payment 4 years from now would be equivalent to the two scheduled payments?
Correct Answer:
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i = 
= 0.004083
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Correct Answer:
Verified
= 0.004083For 3rd year payment mad...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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