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Amount $70,000 a. Calculate P 1 + A = b. Calculate B= A c. Let R= B Time Rate 2% 30 years n r P ( ₁ + 7/12) " 1 and call this number A. (Round to two decimal places as needed.) n r - 1 12 and call this number B. r 12 (Round to two decimal places as needed.)

Amount $70,000 a. Calculate P 1 + A = b. Calculate B= A c. Let R= B Time Rate 2% 30 years n r P ( ₁ + 7/12) " 1 and call this number A. (Round to two decimal places as needed.) n r - 1 12 and call this number B. r 12 (Round to two decimal places as needed.)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Amount $70,000 a. Calculate P A = b. Calculate B= A c. Let R 슴. B + Rate Time 30 years 2% n r and call this number A. 12 (Round to two decimal places as needed.) n r - 1 12 and call this number B. 12 (Round to two decimal places as needed.)
Transcribed Image Text:Amount $70,000 a. Calculate P A = b. Calculate B= A c. Let R 슴. B + Rate Time 30 years 2% n r and call this number A. 12 (Round to two decimal places as needed.) n r - 1 12 and call this number B. 12 (Round to two decimal places as needed.)
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