Asked by Jessy
A company is planning to set aside money to repay $100 million in bonds that will be coming due in 10 years. If the appropriate discount rate is 9%,
a. how much money would the company need to set aside at the end of each year for the next 10 years to be able to repay the bonds when they come due?
b. how would your answer change if the money were set aside at the beginning of each year?
a. how much money would the company need to set aside at the end of each year for the next 10 years to be able to repay the bonds when they come due?
b. how would your answer change if the money were set aside at the beginning of each year?
Answers
Answered by
Jose
I don know
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.