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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Complete the following using present value. (Use the Table 12.3.)
Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.
Amount
desired at
end of period
$
19,200
Length
of time
4 years
Rate
Compounded
12% Quarterly
On PV Table 12.3
Period
used
Rate used
%
PV factor used
PV of amount
desired at
end of period
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Transcribed Image Text:Complete the following using present value. (Use the Table 12.3.) Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent. Amount desired at end of period $ 19,200 Length of time 4 years Rate Compounded 12% Quarterly On PV Table 12.3 Period used Rate used % PV factor used PV of amount desired at end of period
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