Find the present value of $500 due in the future under each of these conditions: a. 12%
Question:
Find the present value of $500 due in the future under each of these conditions:
a. 12% nominal rate, semiannual compounding, discounted back 5 years
b. 12% nominal rate, quarterly compounding, discounted back 5 years
c. 12% nominal rate, monthly compounding, discounted back 1 year
d. Why do the differences in the PVs occur?
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a With a financial calculator enter N 10 IYR 6 PMT 0 and FV 500 and ...View the full answer
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Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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