Hi, does anyone know how to calculate this question??
a man buys a new freezer and has the choice of making a single payment of £500 in 6 months time or a single payment of £525 in 9 months time. assuming a discount rate of 12% nominal compounded monthly which should he choose?
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Financial maths watch
- Thread Starter
- 01-11-2015 12:20
- Official Rep
- 02-11-2015 21:50
Sorry you've not had any responses about this. Are you sure you’ve posted in the right place? Posting in the specific Study Help forum should help get responses.
I'm going to quote in Tank Girl now so she can move your thread to the right place if it's needed.
Spoiler:Show(Original post by Tank Girl)