Question
What is the PV of $660per year for 6 years if the required return is 8.5% (assume the $660 payments come at the end of
What is the PV of $660per year for 6 years if the required return is 8.5% (assume the $660 payments come at the end of each of the next 6 years)?Answer to 2decimal places.
What is the present value of a $1000 future amount received in 13years if the appropriate discount rate is 7.3% APR? (FYI: This problem computes the value of a 13year, $1000 zero coupon bond, although it is phrased in time value of money language, rather than bond language.)Answer to 2decimal points.
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
