Question
At an annual effective rate of interest of 5.2%, a liability has a present value of $2950. When the interest rate increases to 5.39%, the
At an annual effective rate of interest of 5.2%, a liability has a present value of $2950. When the interest rate increases to 5.39%, the present value of this liability is 2897.64 using the first-order modified approximation. Find Dmac(.052)Dmac(.052).
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Cost Benefit Analysis
Authors: Harry F. Campbell, Richard P.C. Brown
3rd Edition
1032320753, 9781032320755
