Question
Josh is offered an investment that will pay him $50 every quarter for 5 years. Josh is also able to invest the same amount in
Josh is offered an investment that will pay him $50 every quarter for 5 years. Josh is also able to invest the same amount in an investment with the same risk that returns 8% APR, compounded semiannually. What is the most Josh will pay for the investment?
a. $798.54
b. $832.21
c. $819.12
d. $900
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker, Neil R. Dworkin
5th Edition
1284118215, 978-1284118216
