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Mr. Paulson has just borrowed $1,000 from Mr. Black. Mr. Paulson has agreed to pay Mr. Black $300 in one week, $400 in two weeks, and $500 in three weeks. If the interest rate is 1% per week, what is the future value of this payment stream in 3 weeks' time? Multiple Choice $1,222.13 $1,200.00 $1,210.03 $1,178.34 $1,190.13 Show all the steps and formulas if necessary

Mr. Paulson has just borrowed $1,000 from Mr. Black. Mr. Paulson has agreed to pay Mr. Black $300 in one week, $400 in two weeks, and $500 in three weeks. If the interest rate is 1% per week, what is the future value of this payment stream in 3 weeks' time? Multiple Choice $1,222.13 $1,200.00 $1,210.03 $1,178.34 $1,190.13 Show all the steps and formulas if necessary

Essentials Of Investments
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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Mr. Paulson has just borrowed $1,000 from Mr. Black. Mr. Paulson has agreed to pay Mr. Black $300 in one week, $400 in two weeks, and $500 in three weeks. If the interest rate is 1% per week, what is the future value of this payment stream in 3 weeks' time?

 

Multiple Choice
  •  
    $1,222.13
  •  
    $1,200.00
  •  
    $1,210.03
  •  
    $1,178.34
  •  
    $1,190.13

Show all the steps and formulas if necessary 

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