An agreement stipulates payments of $4000, $2500, and $5000 in three, six, and nine months, respectively, from

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An agreement stipulates payments of $4000, $2500, and $5000 in three, six, and nine months, respectively, from today. What is the highest price an investor will offer today to purchase the agreement if he requires a minimum rate of return of 9.25%?

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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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An agreement stipulates payments of $4000, $2500, and $5000 in three, six, and nine months, respectively, from

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Business Mathematics In Canada

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