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36 In an account with an interest rate of 7.3% p.a., but with daily compounding (assume 365 days per year), what is the present value
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In an account with an interest rate of 7.3% p.a., but with daily compounding (assume 365 days per year), what is the present value of the following cash flow stream? Year 0 1 2 3 4 Cash Flow $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 5 6 7 8 9 $2,100 Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any qommas in your answer. For example, record $13,294.287342 as 13294.29. Your Step by Step Solution
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