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Suppose you will pay $3,000 in 3 years, and you will receive $28,000 in 15 years. Given a (nominal annual) rate 13.6%, continuously compounded, what
Suppose you will pay $3,000 in 3 years, and you will receive $28,000 in 15 years. Given a (nominal annual) rate 13.6%, continuously compounded, what is the net present value (to the nearest $0.01)?
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
