Suppose we have to make 12 quarterly payments of $1,000 each beginning in the next quarter and

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Suppose we have to make 12 quarterly payments of $1,000 each beginning in the next quarter and another 12 quarterly payments of $1,500 beginning in the 13th quarter. The interest rate is 16%, compounded quarterly. What is this equal to in period 0?

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Fundamentals Of Cost Accounting

ISBN: 9781264100842

7th Edition

Authors: William Lanen

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Posted Date: Mar 09, 2024 03:21 AM

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Suppose we have to make 12 quarterly payments of $1,000 each beginning in the next quarter and

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To find the present value of these future cash flows we need to discoun... View the full answer

Fundamentals Of Cost Accounting

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