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Unformatted text preview: interest rate, compounded annually. (b) An insurance payment of $5,000 to be received in 24 months, assuming a 6% annual interest rate, compounded monthly. (c) A lease payment of $15,000 to be made in 5 years, assuming an 8% annual interest rate, compounded quarterly. (d) A deferred compensation payment of $25,000 to be made in 3 years, assuming a 12% annual interest rate, compounded semiannually....
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 Spring '11
 hudack
 Accounting

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