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What is the present value of monthly payments of $400 for 5 years followed by monthly payments of $800 for 10 years (first payment one month from now) if i =j12/12 ? You are given: а6⁰|i 53.24887, a120|į = 95.15597, (A) $97,424.32 (B) $81,210.05 = a180 i 128.137 = (C) $44,661.48 (D) $75,238.16

What is the present value of monthly payments of $400 for 5 years followed by monthly payments of $800 for 10 years (first payment one month from now) if i =j12/12 ? You are given: а6⁰|i 53.24887, a120|į = 95.15597, (A) $97,424.32 (B) $81,210.05 = a180 i 128.137 = (C) $44,661.48 (D) $75,238.16

Essentials Of Investments
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
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30. What is the present value of monthly payments of $400 for 5 years followed by monthly payments of $800 for 10 years (first payment one month from now) if i = j₁2/12 ? You are given: a60i = 53.24887, a120i = 95.15597, a180|i (A) $97,424.32 (B) $81,210.05 (C) $44,661.48 = 128.137 (D) $75,238.16
Transcribed Image Text:30. What is the present value of monthly payments of $400 for 5 years followed by monthly payments of $800 for 10 years (first payment one month from now) if i = j₁2/12 ? You are given: a60i = 53.24887, a120i = 95.15597, a180|i (A) $97,424.32 (B) $81,210.05 (C) $44,661.48 = 128.137 (D) $75,238.16
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