Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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13. Walrus opens up a savings account on January 1 2024, and here are the
series of his transactions over the next two years.
Withdrawal
Deposit
Date
01/01/2024 60000
04/01/2024
07/01/2024
10/01/2024
07/01/2025 30000
10/01/2025
10000
15000
20000
106 48. Find i.
5000
The fund accumulates according to simple interest with an annual effective
interest rate of i. By December 31 2025, the fund has accumulated to 41242.
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Transcribed Image Text:13. Walrus opens up a savings account on January 1 2024, and here are the series of his transactions over the next two years. Withdrawal Deposit Date 01/01/2024 60000 04/01/2024 07/01/2024 10/01/2024 07/01/2025 30000 10/01/2025 10000 15000 20000 106 48. Find i. 5000 The fund accumulates according to simple interest with an annual effective interest rate of i. By December 31 2025, the fund has accumulated to 41242.
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