Question
If money earns 4.14% compounded quarterly, what single payment in three years would be equivalent to a payment of $3,980 due three years ago, but
If money earns 4.14% compounded quarterly, what single payment in three years would be equivalent to a payment of $3,980 due three years ago, but not paid, and $800 today?
Answer:
Round to the nearest cent
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Liquidity Risk Management In Banks Economic And Regulatory Issues
Authors: Roberto Ruozi, Pierpaolo Ferrari
1st Edition
3642295800, 978-3642295805
