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I need help with the following finance question: But here is a hint that was given that might be helpful to someone here: = An
I need help with the following finance question:
But here is a hint that was given that might be helpful to someone here:
= An investor pays $20,000 at t = 0. In return, he gets $3,000 at t = 1, 2, ..., 8 and an additional payment of Q at time T. (Round your answers to two decimal places.) (a) If the yield is 6% and Q = $2,000, find T. = (b) If the yield is 6% and T = 13, find Q. = 3 = 20 . . an equations of value is , -T + 2 (1.06) solue for T (b) a time-line is, -20 3 3 3 3 3 3 3 3 G + ++++++ + 5 [ 79 3 5. + (1.4) (1.4) -0 87.06 Selve for Q- 1 2. 13 -13 +Step by Step Solution
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