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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 168
Solve this application problems. Round to the nearest cent.
DISASTER RELIEF After a terrible cyclone in Bangladesh, an international disaster relief organization agreed to help support families in a small city who lost everything with a payment of $25,000 every quarter for 5 years. Find (a) the lump sum that must be deposited to meet this need ____________and (b) the interest earned assuming 6% per year, compounded quarterly. ____________
DISASTER RELIEF After a terrible cyclone in Bangladesh, an international disaster relief organization agreed to help support families in a small city who lost everything with a payment of $25,000 every quarter for 5 years. Find (a) the lump sum that must be deposited to meet this need ____________and (b) the interest earned assuming 6% per year, compounded quarterly. ____________
Explanation
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The following table is given, 
There are...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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