Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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£6,000 is invested at time t=0. Calculate the value of the fund after 13 years if the nominal rate of interest is 3.6% per annum convertible monthly for the first 4 years, 5.0% per annum convertible half yearly for the next 5 years, and 2.4% per annum convertible quarterly for the remaining years. (no tables, ONLY formulas, please)
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