The present value of a series of 15 monthly payments that start with $5,000 after a month and thereafter each payment is equal to 3/4 of the total accumulated up to that point, before the corresponding payment. Discount with a rate of 30% nominal monthly. What is the actual discount for this?

Answer rating: 100% (QA)

Calculatingthe present value and actual discount for this series of monthly payments Heres the break... View the full answer