Calculate the equivalent lump-sum(total) receipt now for the following cash flows: You invest $3,000 today, another $1, 500 one year from now, and still another $5,000 three years from now. You then receive $10,000 six years from now and $15,000 two years after the receipt of $10,000. The nominal rate is 159% per year compounded continuously.

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
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Calculate the equivalent lump-sum(total) receipt now for the following cash flows: You invest $3,000 today, another $1, 500 one year
from now, and still another $5,000 three years from now. You then receive $10,000 six years from now and $15,000 two years after
the receipt of $10,000. The nominal rate is 15% per year compounded continuously.
Use the editor to format your answer
Transcribed Image Text:Calculate the equivalent lump-sum(total) receipt now for the following cash flows: You invest $3,000 today, another $1, 500 one year from now, and still another $5,000 three years from now. You then receive $10,000 six years from now and $15,000 two years after the receipt of $10,000. The nominal rate is 15% per year compounded continuously. Use the editor to format your answer
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