SOLUTION: Calculate the present value of $100,000 payable in 25 years at 2.4% interest compounded monthly
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Question 1139580: Calculate the present value of $100,000 payable in 25 years at 2.4% interest compounded monthly
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The present value is $54,914.06
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check:
error due to rounding off
OK
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