Calculate the value of perpetuity
Find the value of the financial instrument, a perpetuity that pays $15 per year forever; the discount rate is 10%, using excel functions.
With Same amount of money what rate compounded semi-annually equate when the same amount compound at quarterly rate of 5.5%
You have $10,000 to invest. The Big Federal Bank offers one-year certificates of deposit with a stated rate of 5.50% compounded quarterly. What rate, compounded semi-annually, would provide you with the same amount of money at the end of one year?