Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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At what nominal rate, compounded monthly, would 12,000.00 have to be invested to amount to 21,811.13 in 6 years
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- What is the future value if $15,000.00 is invested for 2 years at 10% compounded every 2 months? If needed, round to 2 decimal places.arrow_forwardIf the initial investment is $200,000, what would be the nominal annual rate of interest compounded quarterly to achieve a payment of $2,000 at the end of each quarter?arrow_forwardHow is the accumulated value 12,373.78 if yearly payments of 20,000 are made?arrow_forward
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