The nominal interest rate is 12 compounded semi-annually. , Ask an Expert

Economics

The first of a series of equal semiannual cash flows occurs on July 1,2011, and the last occurs on January 1, 2024. Each cash flow is equal to $128,000. The nominal interest rate is 12% compounded semi-annually. What single amount on July 1, 2015 is equivalent to this cash flow system?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9439949

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