Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
What is the present worth in year 0 of a uniform series of payments of $1,000 in years 2 thru 5 and another series of $2,000 payments in years 8 thru 12 at an interest rate of 12% per year?
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