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QUESTION
Multiple compounding periods: Find the present value of $5100 under each of the following rates and periods: 1) 6.6 per cent compounded quarterly for...
Multiple compounding periods: Find the present value of $5100 under each of the following rates and periods:
1) 6.6 per cent compounded quarterly for 8 years.
2) 4.3 per cent compounded daily for 4 years.
