Mathematics, 24.05.2021 05:40, mpilone

4. The author of a leading textbook anticipates royalties of $3450 at the end of each six
month period for the next three years. What single amount should the author accept now
instead of the periodic payments if money is worth 6% p. a., compounded six-monthly?

Answers: 1

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4. The author of a leading textbook anticipates royalties of $3450 at the end of each sixmonth period for the next three years. What single amount should the author accept nowinstead of the periodic payments if money is worth 6% p. a., compounded six-monthly?​

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4. The author of a leading textbook anticipates royalties of $3450 at the end of each six
month period for the next three years. What single amount should the author accept now
instead of the periodic payments if money is worth 6% p. a., compounded six-monthly?