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An investment promises 6 equal annual payments of $861, with the first payment occurring in 4 years. If the interest rate is 7%, what is
An investment promises 6 equal annual payments of $861, with the first payment occurring in 4 years. If the interest rate is 7%, what is the PV of the payments today (i.e., at t=0)?
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
