Question
If $2,200 was invested 15 months ago at a simple interest rate of 5.1%, what would be the value of the investment 18 months from
What payment 17 months from now would be equivalent in value to a $4,225 payment due 2 months ago and a $3,250 payment due 2 months from now? The value of money is2.9%, simple interest.
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Bond Markets Analysis and Strategies
Authors: Frank J.Fabozzi
9th edition
133796779, 978-0133796773
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