Question
What is the present value of 4 annual payments of $400 each with the payment being received immediately? Assume you can invest money at 10%
What is the present value of 4 annual payments of $400 each with the payment being received immediately? Assume you can invest money at 10% stated rate with semiannual compounding?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
