Question 26 (Estimated time allowance: 7 minutes) You have just won a very...
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Question Estimated time allowance: minutes You have just won a very special prize, a "consol" bond that pays $ every months quarterly payment forever. The first payments is given three months from now. You are not that enthusiastic about this and in fact, you really want to just receive a lumpsum amount today. If the APR is compounded monthly, what is the amount you want to receive today instead? For your answer round to the nearest thousand, do not enter the dollar $ sign, and DO NOT use commas for the thousands though some problems will let you use it and some others will require it For example, if you obtained $ then enter ; if you obtained then enter You can use the attached excel file which includes the formulas for TVM: 
Question
Estimated time allowance: minutes You have just won a very special prize, a "consol"
bond that pays $ every months quarterly payment forever. The first payments is
given three months from now. You are not that enthusiastic about this and in fact, you
really want to just receive a lumpsum amount today. If the APR is compounded
monthly, what is the amount you want to receive today instead? For your answer round to
the nearest thousand, do not enter the dollar $ sign, and DO NOT use commas for the
thousands though some problems will let you use it and some others will require it For
example, if you obtained $ then enter ; if you obtained then
enter
You can use the attached excel file which includes the formulas for TVM:
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