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    Time Value

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    A water-skiing boat is purchased for $26,565 quarterly payments to be made for four years with interest at 8% per annum. What is the compounded quarterly?

    © BrainMass Inc. brainmass.com October 10, 2019, 4:31 am ad1c9bdddf
    https://brainmass.com/business/the-time-value-of-money/464670

    Solution Summary

    Calculating Ordinary Annuity Payments

    $2.19