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Find the Present Value and the Compound Discount of $6100

question 171

Essay

Find the present value and the compound discount of $6100.00 due in 7.5 years if interest is 8.26% compounded semi-annually.


Definitions:

Promising

pertains to showing signs of future success or positive outcomes.

Goods

Tangible, movable items or merchandise that can be bought, sold, or traded, excluding real estate.

Assignor

A person who assigns rights or delegates duties under an assignment.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

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