Question
What single amount (to the closest dollar) on July 1, 2008 is equivalent to a series of equal, semi-annual cash flows of $1,200, starting with
What single amount (to the closest dollar) on July 1, 2008 is equivalent to a series of equal, semi-annual cash flows of $1,200, starting with a cash flow on July 1, 2004 and ending with a cash flow on January 1, 2013? Use an interest rate of 12% and semi-annual compounding.
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The Economics Of Money Banking And Finance
Authors: Howells, Keith Bain
3rd Edition
0273693395, 978-0273693390
