A contract requires payments of $5934.00 today, $2815.00 in 2 years, and $ 5592.00 in 5 years. When can the contract be fulfilled by a single payment equal to the sum of the required payments if money is worth 8% p.a. compounded semi dash annually question mark State your answer in years and months (from 0 to 11 months). Question content area bottomPart 1 The contract can be fulfilled in enter your response here year(s) and enter your response here month(s).
A contract requires payments of $5934.00 today, $2815.00 in 2 years, and $ 5592.00 in 5 years. When can the contract be fulfilled by a single payment equal to the sum of the required payments if money is worth 8% p.a. compounded semi dash annually question mark State your answer in years and months (from 0 to 11 months). Question content area bottomPart 1 The contract can be fulfilled in enter your response here year(s) and enter your response here month(s).
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
A contract requires payments of $5934.00 today, $2815.00 in 2 years, and $ 5592.00 in 5 years. When can the contract be fulfilled by a single payment equal to the sum of the required payments if money is worth 8 % p.a. compounded semi dash annually question mark State your answer in years and months (from 0 to 11 months).Question content area bottomPart 1The contract can be fulfilled in enter your response here year(s) and enter your response here month(s).
Transcribed Image Text:A contract requires payments of $5934.00 today, $2815.00 in 2 years, and $ 5592.00 in 5 years.
When can the contract be fulfilled by a single payment equal to the sum of the required
payments if money is worth 8% p.a. compounded semi dash annually question mark State
your answer in years and months (from 0 to 11 months). Question content area bottomPart 1
The contract can be fulfilled in enter your response here year(s) and enter your response here
month(s).
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