Solved

How Long Before a Future Payment of $1,000 Would a Payment

Question 192

Short Answer

How long before a future payment of $1,000 would a payment of just $100 be an economically equivalent alternative? Round your answer to the nearest month. Assume money can earn 4.8% compounded semiannually.

Correct Answer:

verifed

Verified

48 years, ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions