Question
Suppose there is a positive CF at the end of year 2056 in the amount of $720. The nominal interest rate is 3.2%; compounding occurs
Suppose there is a positive CF at the end of year 2056 in the amount of $720. The nominal interest rate is 3.2%; compounding occurs 12 times per year. What would be the equivalent value of this CF at the end of year 2015?
ANSWER: $194.22 (need work to get this answer)
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Financial Accounting An IFRS Perspective In Romania
Authors: Adriana Dutescu
1st Edition
3030294870, 978-3030294878
