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In an account with an interest rate of 7.8% p.a., but with daily compounding (assume 365 days per year), what is the present value of
In an account with an interest rate of 7.8% p.a., but with daily compounding (assume 365 days per year), what is the present value of the following cash flow stream? Year 0 1 2 3 4 5 Cash Flow 52.100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 $2,100 6 7 8 9
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