Question: What single amount on April 1, 1998, is equivalent to a series of equal, semiannual cash flows of $1000 that starts with a cash flow

What single amount on April 1, 1998, is equivalent to a series of equal, semiannual cash flows of $1000 that starts with a cash flow on January 1, 1996, and ends with a cash flow on January 1, 2005? The interest rate is 14% and compounding is quarterly.

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i 14 n 19 semiannual periods i qtr 0144 0035 i semiannual 1 00352 1 007122... View full answer

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