Question
You have been offered an investment that pays $3000 at the end of every year for the next 6 years. The nominal interest rate is
You have been offered an investment that pays $3000 at the end of every year for the next 6 years. The nominal interest rate is 8 percent; however, interest is compounded monthly. What is the present value of the investment?
Please show your calculations clearly. Thanks
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Process To Profits Strategic Planning For A Growing Business
Authors: William Lasher
1st Edition
0324223870, 9780324223873
