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(Solved): Jime Doe plans ta make eleven end-of-month payments of 516,000 each on a short term irvestenent acc ...




Jime Doe plans ta make eleven end-of-month payments of 516,000 each on a short term irvestenent account. The acocunt earns a
Jime Doe plans ta make eleven end-of-month payments of 516,000 each on a short term irvestenent account. The acocunt earns a monitily intereat fate of a\%. a. What is the present worth (le., ) of these payments? b. Repeat Part (ai) but assuming that they are beginning-of-roonth paryments. a. The present equivalent of the paymente is 3 (Round to the noacest dollar.) b. The present equivalent of the payments is (Round to the nearest dotar)


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