Question
In return for a payment of 6802.66 at the end of 5 years and 4000 at the end of 10 years an investor agrees to
In return for a payment of 6802.66 at the end of 5 years and 4000 at the end of 10 years an investor agrees to invest X now and X+1000 a year later. The investor earns 5% effective annually on his investment. Calculate X.
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Innovation And Technology
Authors: Nikos Vernardakis
1st Edition
0415676800, 978-0415676809
