How much would you pay for the right to receive $4, 500 at the end of year 1, $3,500 at the end of year 2, and $7, 500 at the end of year 5? At a 10% interest rate
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How much would you pay for the right to receive $4, 500 at the end of year 1, $3,500 at the end of year 2, and $7, 500 at the end of year 5? At a 10% interest rate
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- What is the present value of a perpetuity that pays $3,800 per year if the appropriate interest rate is 5%?You've been offered a loan of $20000, which you will have to repay in 5 equal annual payments of $6000, with the first payment due one year from now. What interest rate would you pay on that loan?Emit wants to make an initial payment P at Year 0 hoping to get $400 annually from Year 5 to Year 10 (6 Years). How much should the initial payment be at an 8% interest rate?
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