Question
Determine the values of I and n where PP =CP or PP > CP Given the cash flow series and interest rate as follows:
Determine the values of I and n where PP =CP or PP > CP Given the cash flow series and interest rate as follows: CASH FLOW SERIES a) $200 semiannually for 10 years b) $100 Monthly for 4 years c) $400 annually for 3 years d) $50 per month decreases for 6 years e) $2000 per Quarter for 5 years INTEREST RATE 8% per Quarter 12% per year compounded monthly 8% per year CP semi annually 296 per month 4% per Quarter
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Therefore PV 5 CF 5 1 i9 5 PV 5 500 1 015 5 PV 5 1000 115 5 PV 5 500 1708095 PV 5 20070 When cash fl...Get Instant Access to Expert-Tailored Solutions
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
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