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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Principles Of Finance With Excel

ISBN: 9780190296384

3rd Edition

Authors: Simon Benninga, Tal Mofkadi

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