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    Contemporary Business Mathematics Study Set 1
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    Exam 9: Compound Interest - Future Value and Present Value
  5. Question
    Use the Exact Method to Determine the Accumulated Value of $3875.00
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Use the Exact Method to Determine the Accumulated Value of $3875.00

Question 85

Question 85

Essay

Use the exact method to determine the accumulated value of $3875.00 due in 61 months compounded annually at 9.75% p.a.

Correct Answer:

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PV = 3875.00; i = 9....

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