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    momcris's Avatar
    momcris Posts: 1, Reputation: 1
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    #1

    Jan 31, 2014, 09:54 AM
    Accounting
    I am interested in purchasing securities that cost $900 each, which call for 4 payments of $50 (at the end of each year), plus and extra payment of $1000 at then end of the 4 years. My money is currently in the bank earning 8% nominal interest rate which is compounded quarterly. I need to decide if the securities are a good investment and want to know their present value.
    Cat1864's Avatar
    Cat1864 Posts: 8,007, Reputation: 3687
    Marriage Expert
    		  
    #2

    Jan 31, 2014, 10:05 AM
    Since your question was originally posted in Graduate School, I am guessing this is homework and have moved it to the appropriate board.

    How may we help you work the problem?
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