Solution-Determining the current value of the account

Determining the current value of the account

Reference no: EM132412423

A company moves $1,500,000 in installments every 6 months into a tax haven account for the past six years. The account earns interest by a semiannual basis. The first 4 installments earned a nominal rate of 8%, the next 4, a nominal rate of 6%, and the last 4 we're at a nominal rate of 10%. What's the current value of the account?

Reference no: EM132412423

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Determining the current value of the account

Reference no: EM132412423

Reference no: EM132412423

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