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Payment of $100 is made at the end of each two months for a period of five years. The nominal annual rate of interest is

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Payment of $100 is made at the end of each two months for a period of five years. The nominal annual rate of interest is

Posted: Sat Feb 26, 2022 9:02 am
by answerhappygod
Payment Of 100 Is Made At The End Of Each Two Months For A Period Of Five Years The Nominal Annual Rate Of Interest Is 1
Payment Of 100 Is Made At The End Of Each Two Months For A Period Of Five Years The Nominal Annual Rate Of Interest Is 1 (77.98 KiB) Viewed 63 times
Payment of $100 is made at the end of each two months for a period of five years. The nominal annual rate of interest is 6% every 8 months (2/3 of the year). Find the present value of this series of payments.
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