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(1.2) You have an investment loan with guaranteed cash payments in years 1 and 3 of 8,000$ and 3,000$ respectively. Let P is the
(1.2) You have an investment loan with guaranteed cash payments in years 1 and 3 of 8,000$ and 3,000$ respectively. Let P is the present value of your investment if the interest rate is 6% compounded annually. Which option is correct? (a) 9,900 < P < 9,950 (b) 9,950 < P < 10,000 (c) 10,000 < P < 10,050 Share (d) 10,050 < P < 10, 100 (e) None of the above. Sumedalesimer
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
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