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1. the math of interest. please indicate if you are unsure or totally sure about the answer. Please show solution step by step Given the
1. the math of interest. please indicate if you are unsure or totally sure about the answer. Please show solution step by step
Given the following two sets of cash flows: Option A: $46,832.77 in 3 years plus $Y in 10 years time. Option B: $114,154.8815 years from today. The nominal rate i(365)=6.376% makes the present value of these two options the same. What is the value of Y ? a. $10,212.32 b. $9,623.15 c. $9,524.95 d. $9,819.54 e. $10,114.13 Certainty?: C=1 (Unsure: C=2 (Mid: >67% ) C=3 (Quite sure: >80% )Step by Step Solution
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