Question
Payments of $1000, $1200, and $1500 are due in six months, eighteen months, and thirty months from now, respectively. What is the equivalent single payment
Payments of $1000, $1200, and $1500 are due in six months, eighteen months, and thirty months from now, respectively. What is the equivalent single payment two years from now if money is worth 9.6% compounded quarterly?
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International Financial Markets And The Firm
Authors: Piet Sercu, Raman Uppal
1st Edition
1861523548, 978-1861523549
