A contract requires payments of $1500, $2000, and $1000 in 100, 150, and 200 days, respectively, from

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A contract requires payments of $1500, $2000, and $1000 in 100, 150, and 200 days, respectively, from today. What is the value of the contract today if the payments are discounted to yield a 10.5% rate of return?

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:14 AM

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A contract requires payments of $1500, $2000, and $1000 in 100, 150, and 200 days, respectively, from

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Let the first payment P 1500 Time t 100 days Second payment P 2000 Time t 150 day...View the full answer

Business Mathematics In Canada

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