Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You just got a new job and are offered several contracts from which to choose. Which is the best deal assuming a positive rate of interest?
Payment of $6 million over six years, paid in installments at the beginning of each year, but growing by 3% per year.
Payment of $6 million over six years, paid in installments at the end of each year, but growing by 3% per year.
Payment of $6 million over six years, paid in equal installments at the beginning of each year.
Payment of $6 million over six years, paid in equal installments at the end of each year.
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