How much is that promise worth


Problem

We promise to pay you $500 at the end of each of the next 5 semesters. If you estimate that you can get 0% interest for the next 4 semesters, but 7% interest per semester, for the fifth semester, how much is that promise worth?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: How much is that promise worth
Reference No:- TGS03280628

Expected delivery within 24 Hours