Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

40 In an account with an interest rate of 7.6% pa. but with dally compounding assume 365 days per year, what is the present value

40 image text in transcribed
In an account with an interest rate of 7.6% pa. but with dally compounding assume 365 days per year, what is the present value of the following cash flow stream? Year 1 2 4 5 6 7 8 9 Cash Flow 52.100 $2,100 52,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any commas in your answer. For example, record $13,294.287342 as 13294.29

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Equity Valuation And Portfolio Management

Authors: Frank J. Fabozzi, Harry M. Markowitz

1st Edition

047092991X, 9780470929919

More Books

Students also viewed these Finance questions

Question

How could any of these verbal elements be made stronger?

Answered: 1 week ago

Question

Does your message use pretentious or exaggerated language?

Answered: 1 week ago