Question
You are considering an investment that will pay a lump sum of $33000 at the end of 5 years and you decide that 7.43% per
You are considering an investment that will pay a lump sum of $33000 at the end of 5 years and you decide that 7.43% per annum compounded monthly is an appropriate discount factor. What is the value of the investment in today's dollarterms?$________________(twodecimal places)
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
