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3. You are given that the rate of simple interest is r = 6% for the first 5 months, r = 5% for the next
3. You are given that the rate of simple interest is r = 6% for the first 5 months, r = 5% for the next 3 months and r = 4% thereafter. What is the present value of $5000 due at the end of 18 months? (A) $4662.41 (B) $4667.50 (C) $4651.16 (D) $4669.26
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Lessons In Corporate Finance
Authors: Paul Asquith, Lawrence A. Weiss
2nd Edition
1119537835, 978-1119537830
