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 Changing Geography Of Banking And Finance
Authors: Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro
1st Edition
1441947205, 978-1441947208
