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a) You expect to receive $2,725 in 12 years. How much is this amount worth to you today given your required interst rate 5.5%? b)
a) You expect to receive $2,725 in 12 years. How much is this amount worth to you today given your required interst rate 5.5%?
b) You invest $224 today at a rate of 3%. How much can you withdraw in year 4?
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
