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Question

A series of equal quarterly payments of $\$ 1,000$ extends over a period of five years. What is the present worth of this quarterly-payment series at $9.75 \%$ interest compounded continuously?

Solution

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Answered 1 year ago

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1 of 9In this problem, we are asked to find the present worth of equal quarterly payments of $1,000 made for five years at a 9.75% interest rate compounded continuously.

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