What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 6 years and a quarterly payments $2,000 of the next 6 years if the interest rate is 8% compounded bimonthly? Note: Round off your interest rate to five decimal places Upload the picture of your complete solution in Question 6 including cash flow diagram. Round your answer to 2 decimal places.

What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 6 years and a quarterly payments $2,000 of the next 6 years if the interest rate is 8% compounded bimonthly? Note: Round off your interest rate to five decimal places Upload the picture of your complete solution in Question 6 including cash flow diagram. Round your answer to 2 decimal places.

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter6: Saving And Investing

Section6.1: Why Save?

Problem 6R

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