SOLUTION: $20,000 30 months 14 nominal rate what is the present value and compound interest
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Question 414475: $20,000 30 months 14 nominal rate what is the present value and compound interest
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
A=20000(1+0.14)^2.5
A=20000*1.3876
A=27,752.00
interest = 7,752
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