Question
Charlott Laboe expects to receive interest payments totalling $22,380.00 every four months for 22 years. How much is this cash flow worth to them today
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Charlott Laboe expects to receive interest payments totalling $22,380.00 every four months for 22 years. How much is this cash flow worth to them today if the payments begin today? Assume a discount rate of 7.00%.
a. $1,122,339.24
b. $3,516,590.41
c. $767,347.03
d. $253,326.74
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Public Finance
Authors: H L Bhatia
30th Edition
9390080258, 978-9390080250
