Question: Rounded to the nearest month, how long before a scheduled payment of $10,000 would a payment of $5000 be an economically equivalent alternative? Assume money

Rounded to the nearest month, how long before a scheduled payment of $10,000 would a payment of $5000 be an economically equivalent alternative? Assume money is worth 5% compounded annually.

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Given PV 5000 FV 10000 j 5 m 1 Since each compounding period is 1 year 142... View full answer

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