Finite Mathematics & Its Applications (12th Edition)
Finite Mathematics & Its Applications (12th Edition)
12th Edition
ISBN: 9780134507125
Author: Goldstein
Publisher: PEARSON
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Chapter 10.5, Problem 26E
To determine

To calculate: The present value of $1,000 deposited after 7 years having 4% simple interest.

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In Exercises 1–6, give the values of i and n under the given conditions. 3% interest compounded monthly for 2 years
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