Question
What is the present value of 15 payments of $100 each received every 18 months (the first one occurring in 18 months from now) if
What is the present value of 15 payments of $100 each received every 18 months (the first one occurring in 18 months from now) if the annual discount rate (compounded annually) is 9%? Select one: a. $951.28 b. $930.61 c. $875.56 d. $620.
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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
