What is thefuture worth of each of given series of payments? A) 5,000 at end of
ID: 1236714 • Letter: W
Question
What is thefuture worth of each of given series of payments?A) 5,000 at end of each six month period for 10 years at 8%compounded semiannually
B) 9,000 at end of each quarter for 6 years at 8% compoundedquarterly
C) 3,000 at end of each month for 14 years at 9% compoundedmonthly I am not sure if I need to use F/A or something. Can someoneexplain this concept of what to use. What is thefuture worth of each of given series of payments?
A) 5,000 at end of each six month period for 10 years at 8%compounded semiannually
B) 9,000 at end of each quarter for 6 years at 8% compoundedquarterly
C) 3,000 at end of each month for 14 years at 9% compoundedmonthly I am not sure if I need to use F/A or something. Can someoneexplain this concept of what to use. I am not sure if I need to use F/A or something. Can someoneexplain this concept of what to use.
Explanation / Answer
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