What is the present value of $1,000 to be received five years from now if the interest
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What is the present value of $1,000 to be received five years from now if the interest rate is 12% compounded
a. annually?
b. semiannually?
c. quarterly?
d. monthly?
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Related Book For
Introduction To Fixed Income Analytics
ISBN: 9780470572139
2nd Edition
Authors: Steven V. Mann, Frank J. Fabozzi
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