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Financial Mathematics Old FM Forum

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Old 05-23-2019, 01:13 PM
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Gandalf Gandalf is offline
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If each payment was 1000 higher than the pattern shown, wouldn’t your approach give exactly the same PV? That can’t be right. Figure out why, and what you need to do to fix your answer.
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Old 05-23-2019, 01:42 PM
jubair07 jubair07 is offline
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Quote:
Originally Posted by Gandalf View Post
If each payment was 1000 higher than the pattern shown, wouldn’t your approach give exactly the same PV? That can’t be right. Figure out why, and what you need to do to fix your answer.
Thanks. Yes, I forgot to add the 300 extra level payment for 10 terms. 800- 50 x 10 = 300
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