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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An investment company pays 4% compounded semiannually. You want to have $10,000 in the future.
(A) How much should you deposit now to have that amount 5 years from now?
$ (Round to the nearest cent.)
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Transcribed Image Text:An investment company pays 4% compounded semiannually. You want to have $10,000 in the future. (A) How much should you deposit now to have that amount 5 years from now? $ (Round to the nearest cent.)
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