Question
What single amount on 1 January 2005 is equivalent to a series of equal, semi-annual cash flows of $1,173, which started with a cash flow
What single amount on 1 January 2005 is equivalent to a series of equal, semi-annual cash flows of $1,173, which started with a cash flow on 1 July 2001 and would end with a cash flow on 1 January 2010? Use an interest rate of 12% and semi-annual compounding.
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International Economics
Authors: Robert Carbaugh
15th edition
1285854357, 978-1305177093, 1305177096, 978-1285854359
