Question: Is anyone able to guide me through the steps! Thank you :) You have just settled a lawsuit in your favor and you will be
Is anyone able to guide me through the steps! Thank you :)
You have just settled a lawsuit in your favor and you will be receiving semi-annual payments of $25,000 over the next ten years. The first payment will occur six months from today. You plan on investing these payments and you expect to earn a return of 6% p.a. with the returns compounded monthly. The present value of this investment is closest to: A) $329,520 B) $368,004 C) $370,642 D) $371,937 E) None of the above
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