Question
You expect to receive $600 every three months beginning fifteen months from today and expect to receive these payments forever. If the interest rate is
You expect to receive $600 every three months beginning fifteen months from today and expect to receive these payments forever. If the interest rate is 9% EAR, what is this stream of cash flows worth today?
Can you show me step by step how you solved this, and if its possible, how to input this into a financial calculator (HP 10bII+)? Thank you!
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Financial Management For Farmers And Rural Managers
Authors: Martyn Warren
4th Edition
0632048719, 9780632048717
