Find the present value of 1,200 due in 3 years and 9 months if money is for 10%, compounded quarterly. * 928.56 PHP O 827.56 PHP O 828.56 PHP O 1028.56 PHP

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Find the present value of 1,200 due in
3 years and 9 months if money is for
10%, compounded quarterly. *
O 928.56 PHP
O 827.56 PHP
O 828.56 PHP
O 1028.56 PHP
Transcribed Image Text:Find the present value of 1,200 due in 3 years and 9 months if money is for 10%, compounded quarterly. * O 928.56 PHP O 827.56 PHP O 828.56 PHP O 1028.56 PHP
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