(Calculating the present value of complex cash flows) How much do you have to deposit in an...
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(Calculating the present value of complex cash flows) How much do you have to deposit in an account paying 8 percent per annum if you want to withdraw £15,000 at the end of Year 5 and then £5,000 each year for next five years (from Year 6 to Year 10)?
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Financial Management Principles And Applications
ISBN: 9781292222189
13th Global Edition
Authors: Sheridan Titman, Arthur Keown, John Martin
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