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Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Betty plans to invest some money so that she has $3,800 at the end of three years. Determine how much should she invest today given the following choices: (Do not round intermediate calculations and round your final answer to the nearest penny.)
a. 4.2 percent compounded daily.
Amount required to be invested | $ |
b. 4.9 percent compounded monthly.
Amount required to be invested | $ |
c. 5.2 percent compounded quarterly.
Amount required to be invested | $ |
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