Nominal interest rate, Financial Management

You have to make a payment of $1,561.39 in 10 years. To get the money for this payment, you will make 5 equivalent deposits, starting today and for the following 4 quarters, in a bank that pays a nominal interest rate of 14% with quarterly compounding. How large must every of the 5 payments be?

 

Posted Date: 3/30/2013 1:13:55 AM | Location : United States







Related Discussions:- Nominal interest rate, Assignment Help, Ask Question on Nominal interest rate, Get Answer, Expert's Help, Nominal interest rate Discussions

Write discussion on Nominal interest rate
Your posts are moderated
Related Questions
Q. Evaluate Net realisable value of assets? Valuation (i) Method 1 - Net assets according to the statement of financial position Value = $295000 Reservation N

Explain about the Interest payments Debenture interest is generally paid semi-annually however annual payments aren't uncommon.  Usually there are registered debentures on whic

What are the benefits of “paying late” (but not too late) and how do companies attempt to do this? Since money has time value, the later cash is paid, but not as well late, the b

use the operating cycle to formulate a broiler business

I need to get a good understandin about what this means?

What are the advantages and disadvantages of the aggressive working capital financing approach? An belligerent working capital financing approach typically results in a lower c

What the term objectives denotes- financial management It must be noted at the outset that term 'objective' is used in the sense of a goal or decision criterion for three decis

Australian Securities and Investment Commission: The Australian Securities and Investment Commission (ASIC) is an independent government body established by the ASIC Act 1989.

Beta Beta is a measure of the market risk, or methodical risk, of a particular privacy or portfolio. Systematic risk defines any risk that influences the value of a huge numbe

The term 'Eurobonds' refers to bonds issued and sold outside the home country of the currency. For example, a dollar denominated bond issued in the UK is a Euro (