n Find the present value of the following cash flows: 4,000 in 3 years and 7,000 in 5 years. The interest rate is 7.9% p.a. compounded quarterly for the first 2 years and 5.5% p.a. compounded half-yearly thereafter. (Correct your answer to the nearest cent without any unit (No need to put "$"). Do not use in your answer. e.g. 123456.78)) Answer:
n Find the present value of the following cash flows: 4,000 in 3 years and 7,000 in 5 years. The interest rate is 7.9% p.a. compounded quarterly for the first 2 years and 5.5% p.a. compounded half-yearly thereafter. (Correct your answer to the nearest cent without any unit (No need to put "$"). Do not use in your answer. e.g. 123456.78)) Answer:
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:n
Find the present value of the following cash flows: 4,000 in 3 years and 7,000 in 5 years. The interest
rate is 7.9% p.a. compounded quarterly for the first 2 years and 5.5% p.a. compounded half-yearly
thereafter. (Correct your answer to the nearest cent without any unit (No need to put "$"). Do not use
in your answer. e.g. 123456.78))
Answer:
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