An investment is providing a scholarship worth $4720 every year indefinitely. What is money invested if the rate is 6.5% compounded quarterly?
An investment is providing a scholarship worth $4720 every year indefinitely. What is money invested if the rate is 6.5% compounded quarterly?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Question
An investment is providing a scholarship worth $4720 every year indefinitely. What is money invested if the rate is 6.5% compounded quarterly? ( p value up to four d.p.) USE CALCULATOR ONLY FOR CALCULATIONS
PMT$
I/Y
C/Y
c
i
p
PV $
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