Question
A friend wants to borrow money from you. He states that he will pay you $4,100 every 6 months for 9 years with the first
A friend wants to borrow money from you. He states that he will pay you $4,100 every 6 months for 9 years with the first payment exactly 4 years and six months from today. The interest rate is 6.4 percent compounded semiannually. What is the value of the payments today?
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Public Finance In Theory And Practice
Authors: Holley Ulbrich
1st Edition
0324016603, 978-0324016604
