you have been offered an investment that pays $500 at the end of every 6 months for the next 3 years. The nominal interest rate is 12 percent; however, interest is compounded quarterly. What is the present value of the investment? (Notice that the payment and the compounding do not have the same frequency, and you need to find the appropriate interest rate and has the frequency consistent with the payment before you discount)<\/p>
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Brigham", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1090.jpg", "uri": "\/textbooks\/corporate-finance-a-focused-approach-6th-edition-1090", "see_more_uri": "\/textbooks\/business-personal-finance-717" }, "free_related_book": { "isbn": "0323480896", "uri": "\/textbooks\/surgical-management-of-the-transgender-patient-1st-edition-9780323480895-101473", "name": "Surgical Management Of The Transgender Patient", "edition": "1st Edition" }, "question_posted": "2024-06-09 11:11:08", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/last-year-2011-bourne-company-installed-new-factory-equipment-the", "description": "Last year (2011), Bourne Company installed new factory equipment. 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