Question

The nominal interest rate is 5% compounded yearly. How much would you have to pay

today in order to receive the string of payments 3,5,-6,5 where the i

th payment is to be

received i years from now where i = 1, 2, 3, 4. (Note that the payment -6 means that you

will have to pay 6 three years from now) ​

Answer 1

Answer:

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Step-by-step explanation:

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