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Complete the following using present value. (Use the Table 12.3 provided.) Note: Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 lecimal places and final answer to the nearest cent. Amount desired at end of period $ 9,900 Length of time 3 years Rate Compounded 12 % Monthly On PV Table 12.3 Period used Rate used % PV factor used PV of amount desired at end of period

Complete the following using present value. (Use the Table 12.3 provided.) Note: Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 lecimal places and final answer to the nearest cent. Amount desired at end of period $ 9,900 Length of time 3 years Rate Compounded 12 % Monthly On PV Table 12.3 Period used Rate used % PV factor used PV of amount desired at end of period

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
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Complete the following using present value. (Use the Table 12.3 provided.) Note: Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 lecimal places and final answer to the nearest cent. Amount desired at end of period $ 9,900 Length of time 3 years Rate Compounded 12% Monthly On PV Table 12.3 Period used Rate used PV factor used PV of amount desired at end of period
Transcribed Image Text:Complete the following using present value. (Use the Table 12.3 provided.) Note: Do not round intermediate calculations. Round the "Rate used" to the nearest tenth percent. Round the "PV factor" to 4 lecimal places and final answer to the nearest cent. Amount desired at end of period $ 9,900 Length of time 3 years Rate Compounded 12% Monthly On PV Table 12.3 Period used Rate used PV factor used PV of amount desired at end of period
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