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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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    A $572500 Investment Matures in Three Years, Seven Months
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A $572500 Investment Matures in Three Years, Seven Months

Question 27

Question 27

Essay

A $5725.00 investment matures in three years, seven months. Find the maturity value if interest is 9.16% p.a. compounded quarterly.

Correct Answer:

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PV = 5725.00; i = .0229; n = 4...

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