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Janice can receive one of the following two payment streams: RM150 at time zero, RM250 at time n years, and RM400 at time 2n years,
Janice can receive one of the following two payment streams: RM150 at time zero, RM250 at time n years, and RM400 at time 2n years, ii) RM850 at time 10 years. At an annual interest rate of i, the present values of two (2) streams are equal. Given v" = 0.83, calculate i. (Hint: v = 1 1+i
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