Question
You have been offered the purchase of a contract entitling you to receive 36 monthly payments of $5,000 each. The first of these payments will
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You have been offered the purchase of a contract entitling you to receive 36 monthly payments of $5,000 each. The first of these payments will be received two years from today. If you can earn 8.085% EAR on your money, what is the most you would pay for this contract today? please answer using a financial calculator.
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
