Chapter2: The Domestic And International Financial Marketplace
Section: Chapter Questions
Problem 4P
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You are paying a series of five constant-dollar (or real-dollar) uniform payments of $1,256.02 beginning at the end of first year. Assume that the general inflation rate is 15.42% and the market interest rate is 15.42% during this inflationary period.
The equivalent present worth of the project is:
Enter your answer as follow: 1234.56
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