Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- How much should you put into a 13% (annual rate) savings account in order to have 20,000 dollars in Six years?arrow_forwardYou manage an investment fund that sells annuities. You sell a 6-year ordinary level annuity that makes monthly payments of $2,115 per month, starting next month. If interest rates are 3.46% APR (compounded monthly) what is the current price of this annuity?arrow_forwardA pension fund must pay out $1 million next year, $2 million the following year, and then $3 million the year after that. If the discount rate is 8%, what is the duration of this set of payments?arrow_forward
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