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Suppose the interest rate is 7.1% APR with monthly compounding. What is the present value of an annuity that pays $110 every three months for five years? (Be careful not to round any interemediate steps less than six decimal places.)
Financial Management, Finance
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Assume that HOS could issue a zero coupon bond at an annual interest rate of 4 percent with semiannua compounding for 20 years. If HOS receives $2,264.45 for the bond, how much would it have to pay at the maturity date?
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