Question
A payment of $2,000 will be realized today with additional payments of $1,000 at the end of each of the next 5 years. Assume a
A payment of $2,000 will be realized today with additional payments of $1,000 at the end of each of the next 5 years. Assume a nominal interest rate of 20% is appropriate. Calculate the future value of all the payments at the end of five years from now.
(please include formula/equations used, thanks)
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Governing Global Finance
Authors: Michele Fratianni, Paolo Savona
1st Edition
1138742147, 978-1138742147
