Question
1. calculate the present value of a $850 cash flow that will be received in 5 years. Assume the appropriate interest rate is 5% 2.
1. calculate the present value of a $850 cash flow that will be received in 5 years. Assume the appropriate interest rate is 5%
2. calculate the YTM on a $1,240 loan that will be repaid with a lump sum of $1,620 in 4 years
3. You borrow $12,000 in order to purchase a car, and agree to pay $290 each month for the next 4 years. What is the yield to maturity for this loan?
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Finance For Nonprofit Board Members Linking Mission To Money
Authors: Allen J. Proctor
1st Edition
0970603940, 9780970603944
