What rate of interest i per period of time should be used


Problem

What amount must be Untested today at an Interest rate of %, compounded monthly, if you want to purchase a $450,000 machine 4 yr in the future?

b. What rate of interest (i), per period of time. should be used in solving this problem?

c. Is the present single amount of money (P) known? (Yes, No) -

d. Which time value factor should be used to solve this problem? e. What is the total amount that must be invested today?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What rate of interest i per period of time should be used
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