answer the two questions: 2. If you plan to receive $5353 after 5 years to invest at 6% interest, what would this be equivalent to today’s money? 3. If you plan to invest EOY 2 $4000, then what would this be equivalent to EOY 4 years? Assume i = 6%.
answer the two questions: 2. If you plan to receive $5353 after 5 years to invest at 6% interest, what would this be equivalent to today’s money? 3. If you plan to invest EOY 2 $4000, then what would this be equivalent to EOY 4 years? Assume i = 6%.
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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Please answer the two questions:
2. If you plan to receive $5353 after 5 years to invest at 6%
interest, what would this be equivalent to today’s money?
3. If you plan to invest EOY 2 $4000, then what would this be
equivalent to EOY 4 years? Assume i = 6%.
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