Question
Calculate the present value of annuity with payment of $1 at the end of the first year and every two years thereafter. There are total
Calculate the present value of annuity with payment of $1 at the end of the first year and every two years thereafter. There are total 5 payments. The last payment of $1 is at the end of 9th year. The interest rate is 6% convertible semi-annually.
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
