Question
Debts of $5,000 due 4 years ago from today, $6,000 due in 3 months from today and $7,000 due in 30 months from today, WILL
Debts of $5,000 due 4 years ago from today, $6,000 due in 3 months from today and $7,000 due in 30 months from today, WILL ALL BE REPLACE BY A SINGLE VALUE PAYMENT in 1 year from today. If the cost of money is 12% p.a. and the focal point is 1 year from today, how large should that single payment be? HINT: TIMELINE |---------today---------|------focal point (PMT)----------|
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Entrepreneurial Finance Venture Capital Deal Structure And Valuation
Authors: Janet Kiholm Smith, Richard L. Smith
2nd Edition
1503603210, 978-1503603219
