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Zinaida [17]
3 years ago
12

At an annual effective interest rate of i, i > 0, the following are all equal: (i) the present value of 10,000 at the end of

6 years; (ii) the sum of the present values of 6,000 at the end of year t and 56,000 at the end of year 2t; and 60 THE BASICS OF INTEREST THEORY (iii) 5,000 immediately. Calculate the present value of a payment of 8,000 at the end of year t 3 using the same annual effective interest rate.

Business
1 answer:
iVinArrow [24]3 years ago
5 0

Answer:

PV = 1414

Explanation:

The pictures attached below shows the full explanation for the problem and it is so explanatory. i hope it helps you, thank you

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