Lecture Notes on Time Value of Money
Find the value of $10,000 today at the end of 10 periods at 5% per period. ... all the previous examples could have been quarters, months, or days. The interest rate and time period must correspond. Example: ... What is the balance of the loan? [Hint: Assume 30 days per month.] a $62,993 b $76,949 c $62,576 d $82,228 e $84,825 15. The present ... ................
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