Business
Business, 09.02.2022 08:30, neekog11

A series of equal semi-annual cash flows started with the first cash flow occurring on July 1, 2001, and ends with the last cash flow occurring on January 1, 2018. Each cash flow is equal to $128,000. The nominal interest rate is 12% and compounding is semi-annual. What single amount on July 1, 2011, is equivalent to this entire cash flow system

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A series of equal semi-annual cash flows started with the first cash flow occurring on July 1, 2001,...

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