you have just won a prize that pays today 200000. however you really want  to receive 19 pay one every 4 months with first payments starting 4 months now. If Apr is 24% compounded monthly . what is amount of each 4-month payment you want to receive instead ?

Answer rating: 100% (QA)

To calculate the amount of each 4month payment you would receive instead of the onetime payment of 2... View the full answer