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Amount desired at end of period: $79,000 length of time(years) 5 Annual Rate: 10%compounding periods per year: 2 1. Number of compounding periods- 2. Periodic interest rate- 3. PV factor used- 4. PV of amount desired at end of period-

Amount desired at end of period: $79,000 length of time(years) 5 Annual Rate: 10%compounding periods per year: 2 1. Number of compounding periods- 2. Periodic interest rate- 3. PV factor used- 4. PV of amount desired at end of period-

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 35PT
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Question

Amount desired at end of period: $79,000

length of time(years) 5

Annual Rate: 10%
compounding periods per year: 2

1. Number of compounding periods-

2. Periodic interest rate-

3. PV factor used-

4. PV of amount desired at end of period-

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