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1. An investment makes the payments as shown in the cash flow diagram below. All payments occur at the end of each indicated year.
1. An investment makes the payments as shown in the cash flow diagram below. All payments occur at the end of each indicated year. $200,000 $200,000 $200,000 $200,000 2 4 6 8 $200,000 (a) If the interest rate is 6% nominal annual compounded monthly, calculate the value of this investment at the end of the 24th year. (3 marks) (b) What is the value today of this investment? (3 marks) 24 24
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
