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Business, 24.07.2020 05:01 abolton04

Determine the amount of money that must be invested now (time 0) at 10% nominal interest, compounded monthly, to provide an annuity of $7 comma 000 per year for 12 years, starting eight years from now. The interest rate remains constant over this entire period of time.

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Determine the amount of money that must be invested now (time 0) at 10% nominal interest, compounded...
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