Question
Q) A contractual arrangement requires payments of $14,000 on 7 October 2019 and $7,000 on 7 October 2024. What is an equivalent single amount payable
Q) A contractual arrangement requires payments of $14,000 on 7 October 2019 and $7,000 on 7 October 2024. What is an equivalent single amount payable on 7 October 2026 at an interest rate of 12% p.a. compounding quarterly?
a. $39,730.34 b. $26,602.17 c. $24,644.53 d. $40,898.38
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Introductory Econometrics For Finance
Authors: Chris Brooks
3rd Edition
1107661455, 9781107661455
