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    Exam 9: Compound Interest - Future Value and Present Value
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    A $800000 Investment Matures in Five Years, Three Months
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A $800000 Investment Matures in Five Years, Three Months

Question 23

Question 23

Essay

A $8000.00 investment matures in five years, three months. Find the maturity value if interest is 12% p.a. compounded quarterly.

Correct Answer:

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PV = 8000.00; i = .0...

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