Question
Suppose that you will receive $200 in 4 years (end of year 4) and every even year thereafter (year 6, 8, ) you will receive
Suppose that you will receive $200 in 4 years (end of year 4) and every even year thereafter (year 6, 8, ) you will receive a payment that is 5% bigger than the prior payment. What is the present value of these payments assuming the discount rate is 10% annually?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
10th Edition
1260013820, 978-1260013825
