Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- 4. The future value of an investment after 5 years was $12500. If the initial investment had been $8000 what was the annual rate of interest earned on this investment had it been compounded annually? N = 1% = PV = PMT = FV = P/Y = C/Y =arrow_forwardHow much will $15 000 amount to if invested for 3 years at 9%?arrow_forwardJames plans to receive a monthly annuity of $779 for the next 25 years as part of his inheritance. The interest rate is 10.78 per annum compounded monthly Calculate the present value (PV) of this annuity. $72.26 O$779.00 $867.16 $289.05 O $1.11arrow_forward
- 25. How long will it take money to double itself if invested at 6% compounded annually? A. 13.7 years В. 14.7 years С. 14.2 years D. 15.3 yearsarrow_forwardYou are scheduled to receive $100,000 in three years. r is 8% What is the present value ?arrow_forward5. Compute the interest fc: an amount of P200,000 for a period of 8 years if was made at 16% compounded every 2 months? I = F-Parrow_forward
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