(c)Plug in the given in the formula if there is a derivation of the formul
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 9PROB
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I need your help tutor!
This is how you answer the problem
(a) Identify the Given and the Unknown or what is being asked in the problem
(b)Provide the formula to be used
(c)Plug in the given in the formula if there is a derivation of the formula please show it
(d)Box the final answer. however, the final answer is already included in the problem, what you need to do is to match your answer and the answer in the book. Because in the book they only provide the answer but not the solution.
Ps:Do not give me an answer which is made in ms excel.I need the manual solution, I am not an accountant to understand ms excel solutions.Pls rely as well on the given answers.
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