A debt of 8400 is due at the end of 5years. it is proposed that $X be paid now with another $X be paid in 20 years time to liqyidate the debt calculate the value of x if the effective interest rate is J12=9% for the first 6years and J2=5% for the next 4years
A debt of 8400 is due at the end of 5years. it is proposed that $X be paid now with another $X be paid in 20 years time to liqyidate the debt calculate the value of x if the effective interest rate is J12=9% for the first 6years and J2=5% for the next 4years
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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A debt of 8400 is due at the end of 5years. it is proposed that $X be paid now with another $X be paid in 20 years time to liqyidate the debt calculate the value of x if the effective interest rate is J12=9% for the first 6years and J2=5% for the next 4years
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