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calculate: I) The present value of the repayment at time 4 II) The present value of the repayment at time 0 III) The accumulated value of the repayment at time 15

calculate: I) The present value of the repayment at time 4 II) The present value of the repayment at time 0 III) The accumulated value of the repayment at time 15

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 18P
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Repayment on rental property by the university of Nairobi is done by kshs 200,000 at time 5, kshs 190,000 at time 6, kshs 180,000 at time 15. Assuming an annual effective rate of interest of 3.5% calculate:

I) The present value of the repayment at time 4

II) The present value of the repayment at time 0

III) The accumulated value of the repayment at time 15

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