What is the present value of $1,000 to be received five years from now if the interest

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What is the present value of $1,000 to be received five years from now if the interest rate is 12% compounded

a. annually?

b. semiannually?

c. quarterly?

d. monthly?

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Introduction To Fixed Income Analytics

ISBN: 9780470572139

2nd Edition

Authors: Steven V. Mann, Frank J. Fabozzi

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