Question
Suppose you signed a contract for a special assignment over the next20.0years.You will be paid$14,213.00at the end of each year.If your required rate of return
- Suppose you signed a contract for a special assignment over the next20.0years.You will be paid$14,213.00at the end of each year.If your required rate of return is7.86% , what is this contract worth in today?
b. You need a loan to purchase new equipment.The loan will be paid off over9.0years with payments made at the end of every quarter.If the stated annual rate is4.58%and quarterly payments are$583.00 , what is the loan amount?
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Financial Modeling
Authors: Simon Benninga
4th Edition
0262027283, 9780262027281
