Question
1: What is the value today of a money machine that will pay $4,890.00 per year for 12.00 years? Assume the first payment is made
1: What is the value today of a money machine that will pay $4,890.00 per year for 12.00 years? Assume the first payment is made 6.00 years from today and the interest rate is 10.00%.
2: What is the value today of a money machine that will pay $1,565.00 every six months for 18.00 years? Assume the first payment is made six months from today and the interest rate is 15.00%.
3: What is the value today of a money machine that will pay $3,465.00 every six months for 14.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 9.00%.
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Microfinance Handbook An Institutional And Financial Perspective
Authors: Joanna Ledgerwood
1st Edition
0821343068, 978-0821343067
