a ) How much money has to be invested today in a security that promises to pay 20000 Omani Riyals at the end of 6 years ? Assume that you can eam 10 % interest compounded per am b ) Suppose interest rate increase to 20 % mswer the question again and compare answers

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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a ) How much money has to be invested today in a security that promises to pay 20000 Omani Riyals at the end of 6 years ? Assume that you can eam 10 % interest compounded per am b ) Suppose interest rate increase to 20 % mswer the question again and compare answers
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