#Financial Math

Homework 7 October 25, 2022 1. (Problem 26.1) Smith receives $400 in 1 year, $800 in 2 years, $1,200 in 3 years and so on until the final payment of $4,000. Using an effective interest rate of 6%, determine the present value of these payments at time 0. 2. (Problem 26.21) A perpetuity costs 77.1 … Read more