Question
You've lost a lawsuit that requires you to pay $1,500 per month for 120 months starting next month. How much would you have to invest
You've lost a lawsuit that requires you to pay $1,500 per month for 120 months starting next month. How much would you have to invest today to exactly pay for the lawsuit, if your investments earn 3.00% APR (compounded monthly)?
Calculate your answer to the nearest dollar.
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Principles Of Project Finance
Authors: E. R. Yescombe
2nd Edition
0123910587, 9780123910585
