Question
An investment pays $15,000 every other year forever with the first payment one year from today. a. What is the value today if the discount
| An investment pays $15,000 every other year forever with the first payment one year from today. |
| a. | What is the value today if the discount rate is 8 percent compounded daily? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| b. | What is the value today if the first payment occurs four years from today? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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Management Policies In Local Government Finance
Authors: W. Bartley Hildreth, Justin Marlowe, John R. Bartle
6th Edition
0873267656, 978-0873267656
