Question
You invest $8,000 now and get $10,000 back in 8 years. (A) What nominal interest rate convertible every four months did you earn? (B) What
You invest $8,000 now and get $10,000 back in 8 years. (A) What nominal interest rate convertible every four months did you earn? (B) What nominal discount rate compounded monthly did you earn? (C) What annual effective rate of discount did you earn?
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Risk Sensitive Investment Management
Authors: Mark H A Davis, Sébastien Lleo
1st Edition
9814578037, 978-9814578035
