Question
A contractual arrangement requires payments of $4000 on 7 May 2019 and $9000 on 7 May 2024. What is an equivalent single amount payable on
A contractual arrangement requires payments of $4000 on 7 May 2019 and $9000 on 7 May 2024. What is an equivalent single amount payable on 7 May 2018 at an interest rate of 12% p.a. compounding quarterly.
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Investment Science
Authors: David G. Luenberger
1st International Edition
0195391063, 9780195391060
