John is planning on making 10 payments to himself every 2, Ask an Expert

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John is planning on making 10 payments to himself every 2 month, with 1st payment in 2 month from today. First 6 payments is $400 each, then rest of the payments are $300 each. What is the present value of this transaction? Use nominal interest rate of 8% converted monthly. (Use 2 decimals)

One-month interest rate of 1%, what is the present value now of the saving to Smith if the seller agrees to Smith's terms?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92663827

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