Question: Reposting this question. please help and provide a correct answer! A leasing contract calls for an immediate payment of $120,000 and nine subsequent $120,000 semiannual
Reposting this question.
please help and provide a correct answer!
A leasing contract calls for an immediate payment of $120,000 and nine subsequent $120,000 semiannual payments at six-month intervals. What is the PV of these payments if the annual discount rate is 12%? The answer is not 936203.07
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
