Unformatted text preview: exam. For passing the exam, Tom anticipates he will earn an additional $100 per month payable at the end of each month starting six months from today. Tom plans to retire exactly 38 years from today. Using 6% effective annual interest, find the present value per hour of studying if Tom passes. A) 56 B) 59 C) 61 D) 55 E) 58...
View Full Document
- Spring '10
- Tom, Publius Clodius Thrasea Paetus