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Calculate the present value of the following cash flow stream, discounted at 10%. I =8% Time period 0 1 2 3 4 0 $100 500
Calculate the present value of the following cash flow stream, discounted at 10%.
I =8%
Time period
0 1 2 3 4
0 $100 500 500 150
f. (1.) Define (a) the stated, or quoted, or nominal rate (iNom) and (b) the periodic rate (iPER).
What is the future value of $100 is invested in an account at an interest rate of 10% for 3 years,annual compounding? Semi annual compounding? Quarterly compounding? Monthly compounding? Daily Compounding?
g. (1.) What would the required payment be on a $1,000 loan that is to be repaid in three equal installments at the end of each of the next three years if the interest rate is 10%?
Construct an amortization table for the loan described above.
that I 8% is an error
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