A sum of $4000 is due for payment three years from now. You want to...
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Accounting
A sum of $4000 is due for payment three years from now. You want to know how much this payment will be worth seven years from now if money is worth 9% p.a. compounded annually, determine the equivalent value. Find i (periodic rate) Select one: a. 0.45 % b. 9 % C. 4.5 % d. 0.0045 % e. 0.0 %
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