Revision as of 19:10, 18 November 2023 by Admin (Created page with "'''Solution: E''' Let <math>j</math> equal the five-year interest rate. <math display = "block"> \begin{aligned} & (1+j)=(1.09)^5 \\ & j=0.538624 \\ & P V=\frac{2}{0.538624}+\frac{10}{(0.538624)^2}=38.18 \end{aligned} </math> {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 18'23
Answer
Solution: E
Let [math]j[/math] equal the five-year interest rate.
[[math]]
\begin{aligned}
& (1+j)=(1.09)^5 \\
& j=0.538624 \\
& P V=\frac{2}{0.538624}+\frac{10}{(0.538624)^2}=38.18
\end{aligned}
[[/math]]
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