Question
Your friend is going to give you a sum of money. He gives you two options. Option A. To receive 2 million ISK. after 1
Your friend is going to give you a sum of money. He gives you two options.
Option A. To receive 2 million ISK. after 1 year and 4 million ISK. after 8 years.
Option B. To receive X million. ISK after 2 years and again X million ISK after 10 years Interest is 6.75%.
What is the amount X so that both options are equally good for you?
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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
