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jasiremo
Sep 10, 2009, 06:36 AM
$7,000 in 5 years at a quarterly discount rate of 6%= $7000 x 0.7471 = $5229.70
ArcSine
Sep 10, 2009, 09:45 AM
That's close but no cigar, if what you have in mind is a 6% annual rate, compounded quarterly. Can you give a bit more info?