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Date Posted: 05:38:47 08/05/00 Sat
Author: Tam
Subject: Re: Answer to # 6 of Final Fall 99
In reply to: Bob 's message, "Answer to # 6 of Final Fall 99" on 03:10:09 08/05/00 Sat

> I think you have the wrong interest rate. We need to
> match the interest rate to the cash flow frequency.
> That means we need a 6-month effective rate in this
> case. With a nominal 12%, that give a 3 month
> periodic. Converting the 3 month period to a six
> month effective, (1.03 squared minus 1) is 6.09%.
>
> So I=6/09, N=6, PMT=500, FV=0, CPT PV
>
>
Thanks Jenny and Bob. Good luck on the final!!!
>
>
> > #6: I also got 2437.56 ???
> >
> > #14: D0=$0, D1=0, D2=1, D3=1.2, D4=1.44, D5=1.728,
> > D6=1.84896
> >
> > ==> CF0=0, CF1=0, CF2=1, CF3=1.2, CF4=1.44,
> > CF5=1.728+(1.84896/(13%-7%))
> >
> > W/ i/YR=13% ==>npv=20.16

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