What cash payment is equivalent to making payments of $1471.00 at the end of every year for 8 years if interest is 12% per annum compounded quarterly? .. The cash payment is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
What cash payment is equivalent to making payments of $1471.00 at the end of every year for 8 years if interest is 12% per annum compounded quarterly? .. The cash payment is S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 31P
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