Question
What single amount on April 1, 2012, is equivalent to a series of equal, semiannual cash ows of $1000 that starts with a cash ow
What single amount on April 1, 2012, is equivalent to a series of equal, semiannual cash ows of $1000 that starts with a cash ow on January 1, 2010, and ends with a cash ow on January 1, 2019? The interest rate is 14% and compounding is quarterly. What equations do I use to find the answer?
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Financial Management Core Concepts
Authors: Raymond Brooks
4th Edition
134730417, 134730410, 978-0134730417
