Calculate the value of X using the concept of equity capital at compound interest for an interest rate of 12% per year.
Posted: Wed Jul 06, 2022 5:55 am
Calculate the value of X using the concept of equity capital at compound interest for an interest rate of 12% per year.
a ) (answer $42292.02)
b) (answer $34338.31)
0 1 2 $3,000 3 4 $1,500 9 7 8 9 $ 2,500 1 1 I X
0 $3,000 - 2 3 $2.000 $6,000 $4,000 4 $ 6 7 $2.500 8 9 1 X 11 12 1 $6.000 1 1 1
a ) (answer $42292.02)
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