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Sam has promised to make four payments to Joe. Each payment is in the amount of $1,000. What is the present value of these cash flows if the annual rate is 12%, and the payments begin?
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a. |
One year from today, and are paid annually? |
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b. |
Six months from today, and are paid semi annually? |
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c. |
Three months from today, and are paid quarterly? |
Which method of payments do you think Sam and Joe would preferand why? (Show your work.)
May 02 2018 Read more Less More
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