# Question

What uniform series of cash flows is equivalent to a $150,000 cash flow occurring today if the uniform series of cash flows occur at the end of each month for the next fifteen years and the periodic interest rate is 0.62% compounded annually?

## Answer to relevant Questions

Draw a cash flow diagram for the following cashflow:Determine the present value in year 0 of the following cash flows using a periodic interest rate of 11% compoundedannually:What is the constant dollar interest rate for a periodic interest rate of 9% and an inflation rate of 4%?Determine the quarterly, monthly, and daily interest rates for an annual percentage rate of 10%.Determine the monthly payment for a sixty-month truck loan with an annual percentage rate of 11% and an initial principal of $17,000. How much interest is paid over the life of the loan?Post your question

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