Question
you have just won a prize that pays today 200000. however you really want to receive 19 pay one every 4 months with first payments
you have just won a prize that pays today 200000. however you really want to receive 19 pay one every 4 months with first payments starting 4 months now. If Apr is 24% compounded monthly . what is amount of each 4-month payment you want to receive instead ?
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To calculate the amount of each 4month payment you would receive instead of the onetime payment of 2...
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
