pyschology hw
November 25, 2020
Suppose intelligent life is discovered on a planet orbiting a star 5 light years away from the sun. After many years of communication and planning,…
November 25, 2020
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Payments of $2000 are to be made at the end of each year for the next 20 years. Determine their disc

Payments of $2000 are to be made at the end of each year for the next 20 years. Determine their discounted value (i.e., the present value at the time that is one year before the first payment is made) if the interest rate is 8% per annum compounded.

a) quarterly

b) annually

c) continuously

 

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