Question
Find the present value of $500 due in the future under each of the following conditions. a. 12% nominal Rate, semiannual compounding, discounted back 5
Find the present value of $500 due in the future under each of the following conditions. a. 12% nominal Rate, semiannual compounding, discounted back 5 years b. 12% nominal rate,quarterly compounding,discounted back 5 years c.12% nominal rate, monthly compounding,discounted back 1 year
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Financial Institutions Management
Authors: Anthony Saunders, Marcia Cornett
8th Edition
0078034809, 978-0078034800
