Question
Find present value of the following cash flows: end-year payments of $750 at time=1, $500 at time=2 and $350 at time =3. Nominal annual rate
Find present value of the following cash flows: end-year payments of $750 at time=1, $500 at time=2 and $350 at time =3. Nominal annual rate is 8% compounded monthly. HINT: find EAR first and make sure to keep 5 decimals for rounding; use EAR to get NPV.
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The Compensation Committee Handbook
Authors: James F. Reda, Stewart Reifler, Michael L. Stevens
4th Edition
1118370619, 978-1118370612
