Question
If money earns 6.8% compounded semi-annually, what two equal payments, one in 1 year and the other in 3 years, would be equivalent to: a.
If money earns 6.8% compounded semi-annually, what two equal payments, one in 1 year and the other in 3 years, would be equivalent to:
a. $7,500 today?
Round to the nearest cent
b. $4,000 due 1 year ago, but not paid, and $6,600 due 2 years ago, but not paid?
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
