5.21 Multiple compounding periods: Find the present value of $3,500 under each of the following rates and periods: a. 8.9 percent compounded monthly for five years. b. 6.6 percent compounded quarterly...


5.21 Multiple compounding periods: Find the present value of $3,500 under each of

the following rates and periods:

a. 8.9 percent compounded monthly for five years.

b. 6.6 percent compounded quarterly for eight years.

c. 4.3 percent compounded daily for four years.

d. 5.7 percent compounded continuously for three years.


Sep 29, 2022
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