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Problem 6 (two points): What is the PERIODIC rate if the Nominal or Annual rate is 8% and the investment is compounded quarterly? What
Problem 6 (two points): What is the PERIODIC rate if the Nominal or Annual rate is 8% and the investment is compounded quarterly? What is the PERIODIC rate if the Nominal or Annual rate is 8% and the investment is compounded monthly? Problem 7 (four points): What's the present value of a one-time lump sum of $10,000 discounted back 5 years if the annual interest rate is 12% and if compounding occurs monthly?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
