Question
You will receive payments of $6,500 per month for 15 years with the first payment occurring 9 years and 5 months from today. The appropriate
You will receive payments of $6,500 per month for 15 years with the first payment occurring 9 years and 5 months from today. The appropriate interest rate is 10 percent compounded monthly. What is the value of the payments 4 years from today? What is the value of the payments today?
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
