Question
What is the present value of 63 annual payments of $4,343 each with the first payment being received immediately? Assume you can invest money at
What is the present value of 63 annual payments of $4,343 each with the first payment being received immediately? Assume you can invest money at a 10% stated rate with semi-annual compounding.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
