an agreement stipulates payments of $4500, $3000, and $5500 in 4,8, and 12 months , respectively from today what is the highest price an investor will offer today to purchase the agreement if he requires a minimum rate it return of 10.5%

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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an agreement stipulates payments of $4500, $3000, and $5500 in 4,8, and 12 months , respectively from today what is the highest price an investor will offer today to purchase the agreement if he requires a minimum rate it return of 10.5%

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