How Long Before a Future Payment of $1,000 Would a Payment

question 192

Short Answer

How long before a future payment of $1,000 would a payment of just $100 be an economically equivalent alternative? Round your answer to the nearest month. Assume money can earn 4.8% compounded semiannually.

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Definitions:

Mixed Methods Approach

A research approach that combines qualitative and quantitative methods in order to provide a broader perspective on the research question.

Triangulation

A method used in qualitative research to cross-check information and conclusions by using two or more methods, data sources, or researchers to study the same phenomenon.

Secondary Analysis

The process of using existing data collected for a different purpose to conduct a new study.

Deductive

A logical process in which a conclusion follows necessarily from the stated premises, moving from general principles to specific instances.