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When Dan signed a two-year contract as a manager, the company allowed reimbursement of $560 at the end of every month fo
Posted: Thu Jun 30, 2022 7:35 pm
by answerhappygod
- When Dan Signed A Two Year Contract As A Manager The Company Allowed Reimbursement Of 560 At The End Of Every Month Fo 1 (11.88 KiB) Viewed 50 times
When Dan signed a two-year contract as a manager, the
company allowed reimbursement of $560 at the end of every month for his car expenses. At the time the contract was signed, money was worth 11 95% compounded monthly (a) What value did the expense reimbursement provision have when the contract was signed? (b) What is the outstanding value of the reimbursement after the 8th payment? CD