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BeccaCarter BeccaCarter
  • 03-02-2017
  • Mathematics
Answered

calculate how much money would have to be invested today to be worth 100,000 in 9 years with in interest compounding at 8% quarterly. show work.

Verified Answer :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 03-02-2017

Pv=100000/(1+0.08/4)^(4*9)
Pv=49,022.32

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