Question
Your friend needs money today and can pay you $5,085 in 6 year, $2,705 in 8 years, $8,297 in 11 years and $777 at the
Your friend needs money today and can pay you $5,085 in 6 year, $2,705 in 8 years, $8,297 in 11 years and $777 at the end of each quarter starting at the beginning of year 6 and ending at the beginning of year 16. How much would you be willing to lend him today if you both agree that 10.99% interest per year is fair. Assume all interest is compounded quarter.
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
