Question
Your business will pay you distributions of $15,000 in 10 months and another $14,000 in 20 months. If the discount rate is 6% per annum
Your business will pay you distributions of $15,000 in 10 months and another $14,000 in 20 months. If the discount rate is 6% per annum (compounding monthly) for the first 13 months, and 11% per annum (compounding monthly) for the next 7 months, what single amount received today would be equal to the two proposed payments? (answer to nearest whole dollar; do not use $ sign or commas)
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
