Question
5. An asset provides 10 at the end of each month for 14 years. In addition to the monthly payments, the asset provides a lump
5. An asset provides 10 at the end of each month for 14 years. In addition to the monthly payments, the asset provides a lump sum of 2,000 at the end of 14 years. The yield of the asset is 6% compounded monthly. Determine the modified duration of the asset.
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Health Care Budgeting And Financial Management
Authors: William J. Ward Jr.
2nd Edition
1440833052, 9781440833052
