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Three Payments of $10,000 Are Made at the End of 3,9

Question 39

Multiple Choice

Three payments of $10,000 are made at the end of 3,9 and 15 months respectively.Calculate the total accumulated value of these payments at the end of two years using the exact method with j6 = 6%.


A) $30,756.65
B) $32,334.08
C) $32,340.10
D) $34,869.82

Correct Answer:

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