Question
Janice will need to pay $200 at the end of every month for the next 12 months, except for the payment of the 5th month.
Janice will need to pay $200 at the end of every month for the next 12 months, except for the payment of the 5th month. What is the present value, assuming a rate of 4%, compounded semi-annually?
Points: 1
-
$2,152.48
- $2,348.97
- $2,254.09
- $2,160.06
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
