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
Related questions
Question
Find the equivalent equal payment series (A) such that the two cash flows are equivalent at 7% compounded annually.
(Keep 2 decimal places in numerical results) thanks
Transcribed Image Text:Cash flow diagram
0
F
$50
A
0
1
A
1
$100
2
A
2
$150
Years
Years
3
A
3
$200
4
A
4
$250
5
A
5
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