Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an

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Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an annuity that pays $120 every six months for four years? (Note: Be careful not to round any intermediate steps less than six decimal places.)

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Posted Date: May 30, 2022 02:05 PM

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Suppose the interest rate is 6.7% APR with monthly compounding. What is the present value of an

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Fundamentals of Corporate Finance

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