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Suppose the effective (annual) interest rate is 6% for the first three years, 7% for the next 4, and 9% for the next 3 years.
Suppose the effective (annual) interest rate is 6% for the first three years, 7% for the next 4, and 9% for the next 3 years. If you swap $1000 in ten years, guaranteed, how much money would you want now?
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
5th edition
134128524, 978-0134128528
