c. $19,170 immediate cash and $1,917 every 3 months for 10 years, payable at the beginning of each 3-month period. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value $ 67292
c. $19,170 immediate cash and $1,917 every 3 months for 10 years, payable at the beginning of each 3-month period. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Present value $ 67292
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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Transcribed Image Text:Susan Wilson died, leaving to her husband Charles an insurance policy contract that provides that
the beneficiary (Charles) can choose any one of the following four options. Money is worth 2.5%
per quarter, compounded quarterly. Compute Present value if:
Click here to view factor tables.
Show Transcribed Text
3
c. $19,170 immediate cash and $1,917 every 3 months for 10 years, payable at the beginning
of each 3-month period. (Round factor values to 5 decimal places, e.g. 1.25124 and final
answer to 0 decimal places, e.g. 458,581.)
Present value $
67292
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