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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2. An investor is setting up a fund which requires 10 years of contributions. The investor pays £150 per month for 10 years. All payments are made in arrears,
i.e at the end of the period.
The effective annual rate i = 6%.
What is the value of the fund after 10 years?
£ 数字
Enter an answer correct to 2 decimal places.
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Transcribed Image Text:2. An investor is setting up a fund which requires 10 years of contributions. The investor pays £150 per month for 10 years. All payments are made in arrears, i.e at the end of the period. The effective annual rate i = 6%. What is the value of the fund after 10 years? £ 数字 Enter an answer correct to 2 decimal places.
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