Question 6.29 The following three sets of cash flows have the same present value: . 10,000 payable in 1 year . 1,200 at the end of each year for 12 years, with the first payment to be made in one year X per year, with the first payment to be made in 20 years and the final payment to be made in 30 years The force of interest is constant. Calculate X. A 281 B 4,971 C 5,299 D 5,341 E 5,693

Question 6.29 The following three sets of cash flows have the same present value: . 10,000 payable in 1 year . 1,200 at the end of each year for 12 years, with the first payment to be made in one year X per year, with the first payment to be made in 20 years and the final payment to be made in 30 years The force of interest is constant. Calculate X. A 281 B 4,971 C 5,299 D 5,341 E 5,693

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 1MC

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