Jimbo will receive $ X every 8 months, starting 10 months from today. He will receive these
Fantastic news! We've Found the answer you've been seeking!
Question:
Jimbo will receive $X every 8 months, starting 10 months from today. He will receive these payments forever. His stated annual interest is 6%, compounded every two months. Find X if the present value of all of the payments is $75,000.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: