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1. Bally Manufacturing sent Intel Corporation an invoice for machinery with a $15,500 list price. Bally dated the invoice August 17 with 3/10 EOM terms. Intel receives a 20% trade discount. Intel pays the invoice on August 30. What does Intel pay Bally? Payable amount

2. Olga buys a 5-year increasing annuity for X. Olga will receive 2 at the end of of the first month, 4 at the end of the second month, and for each month thereafter the payment increases by 2. The nominal interest rate is 9% covertible quarterly. Calculate X.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92813502

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