Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
What single payment today would replace a payment of $2,850 in 2 years and a payment of $3,900 in 5 years if the interest rate is 4.05% compounded monthly? $5,823.57
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Transcribed Image Text:What single payment today would replace a payment of $2,850 in 2 years and a payment of $3,900 in 5 years if the interest rate is 4.05% compounded monthly? $5,823.57
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