The company expects to replace the computer equipment at year 4. Determine how much the company...

The company expects to replace the computer equipment at year 4. Determine how much the company will have if they save $3,000 per month into their investment account which pays the interest rate of 3% per year, compounded semiannually?

a) Assume that interperiod cash flows earn prorated compound interest.

b) Assume there is no interperiod compounding.

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jeff jeffy answered 1 year ago

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