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Find the value of P for which the inflows will equal the outflows. Find the effective rate first. Rate 18% p y c d Year
Find the value of P for which the inflows will equal the outflows. Find the effective rate first.
| Rate | 18% | p y c d | |
| Year | Outflows | Inflows | |
| 0 | -P | ||
| 1 | -2P | ||
| 2 | -4P | ||
| 3 | -8P | ||
| 4 | -16P | ||
| 5 | $24,000 | ||
| 6 | $30,000 | ||
| 7 | $36,000 | ||
| 8 | $42,000 | ||
| 9 | $48,000 | ||
| 10 | $54,000 |
| a. $1,530 | ||
| b. $2,545 | ||
| c. $3,269 | ||
| d. $3,490 |
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Finance Led Capitalism Shadow Banking Re Regulation And The Future Of Global Markets
Authors: Robert Guttmann
1st Edition
1137398566, 978-1137398567
