You will receive twenty monthly cash flows of $475, with the first cash flow occurring exactly seven

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You will receive twenty monthly cash flows of $475, with the first cash flow occurring exactly seven months from today. The interest rate for this prize is 3.8% p.a. compounded weekly. Please calculate the present value.

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Aug 29, 2023 01:05 AM

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You will receive twenty monthly cash flows of $475, with the first cash flow occurring exactly seven

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To calculate the present value of a series of future cash flows you can use the formula for the pres... View the full answer

Financial Accounting and Reporting a Global Perspective

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