Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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If money is worth 12% compounded quarterly and n = 5, compute the present value of the following: (a) P1.00 received monthly in year n. (b) P1.00 received monthly for n years.
answer: a) P 7.02
b) P 45.08
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