Multiple Choice
How many compounding periods does it take for a non-interest bearing bond of $420 150 to be reduced to $199 989 at a discount rate of 5.44% compounded monthly?
A) 146.12
B) 121.12
C) 154.12
D) 184.12
E) 164.12
Correct Answer:
Verified
Correct Answer:
Verified
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