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Find the present value of a payment of 1000 dinars at an interest rate of 3% annually, and the number of its amounts 10, in two cases: a. Payments are normal b. Payments are made immediately

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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Find the present value of a payment of 1000 dinars at an interest rate of 3% annually, and the number of its amounts 10, in two cases: a. Payments are normal b. Payments are made immediately

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