Calculate the present value of 35,600 due in 11years' time at a nominal rate of interest of

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Calculate the present value of £35,600 due in 11years' time at a nominal rate of interest of 4.3% per annum convertible monthly for 5 years, followed by a nominal rate of discount of 2.2% per annum convertible quarterly for the remaining years.

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Financial Reporting and Analysis

ISBN: 978-0078025679

6th edition

Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon

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Posted Date: Dec 20, 2023 12:22 AM

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Calculate the present value of 35,600 due in 11years' time at a nominal rate of interest of

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To calculate the present value of 35600 due in 11 years we need to consider two different periods Th... View the full answer

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