PRESENT VALUES. You have an opportunity to purchase a government security that will pay $200,000 in 5
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PRESENT VALUES. You have an opportunity to purchase a government security that will pay $200,000 in 5 years.
REQUIRED:
1. What would you pay for the security if the appropriate interest (discount) rate is 6% compounded annually?
2. What would you pay for the security if the appropriate interest (discount) rate is 10% compounded annually?
3. What would you pay for the security if the appropriate interest (discount) rate is 6% compounded semiannually?
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