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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Zayden will receive an inheritance of R850 000 four years from now. His discount rate is a 9,2% interest rate,
compounded semi-annually. Which of the following values is closest to the amount that he should accept
today for the right to his inheritance?
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Transcribed Image Text:Zayden will receive an inheritance of R850 000 four years from now. His discount rate is a 9,2% interest rate, compounded semi-annually. Which of the following values is closest to the amount that he should accept today for the right to his inheritance?
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