1. A series of equal monthly cash flows of $2.000 starts on 1 April 2016 and the last one is made on 1 February 2018. These cash flows are equivalent to a series of semi-annual cash flows which starts from 1 July 2019 to 1 January 2028. What is the amount of ench semi-annual cash flow? Use a nominal interest rate of 12% with monthly compounding on all accounts. (8 pts)

Answer rating: 100% (QA)

Calculating the SemiAnnual Cash Flow Step 1 Calculate the effective monthly ... View the full answer