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Determine the value of the single payment on July 1 1 , 2 0 2 4 that is economically equivalent to a payment stream consisting
Determine the value of the single payment on July that is economically equivalent to a payment stream consisting of:
a payment of $ on November
a payment of $ on April
a payment of $ on October
Assume a simple interest rate of
Nov. Apr. Jul. Oct. $$$FVFVPVTotalTime Diagram
Start by calculating the following values on the time diagram:
FV$
FV$
PV$
The single payment on July is:
Total $
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