4 What is the present worth of a total of 24 payments occurring every two months? The first payment is $X and is paid two months from now. The second payment is $Y and each subsequent payment increases by $Z. Interest is A% nominal per year compounded every two months. X= Y= Z= A= $90 $100 $10 12% Try Again

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 7PROB
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4 What is the present worth of a total of 24 payments occurring every two months?
The first payment is $X and is paid two months from now. The second payment is $Y and each
subsequent payment increases by $Z. Interest is A% nominal per year compounded every two
months.
X=
Y=
Z=
A=
$90
$100
$10
12%
Try Again
Transcribed Image Text:4 What is the present worth of a total of 24 payments occurring every two months? The first payment is $X and is paid two months from now. The second payment is $Y and each subsequent payment increases by $Z. Interest is A% nominal per year compounded every two months. X= Y= Z= A= $90 $100 $10 12% Try Again
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