2. r and n must be presented in the same time frame. Make sure that if n...
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2. r and n must be presented in the same “time frame.” Make sure that if n represents years, then r represents the annual discount rate. Similarly, if n represents months, then r should be a monthly discount rate.
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Related Book For
Principles Of Finance With Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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