Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- Solve by using compound table. Find future value Note: Round your answer tot he nearest cent. Principal:2, 000, Rate 8%, Time: 2 yrs, Number of times compounded per year: Quarterly, Future Valuearrow_forwardGive typing answer with explanation and conclusion What is the present value of $4,000 that you expect to receive in two years assuming a discount rate of 8%?arrow_forwardFuture Value Computation You deposit $3,000 at the end of every year for three years. How much will accumulate in three years if you earn 8% compounded annually?Use Excel or a financial calculator for computation. Round your answer to the nearest dollar.arrow_forward
- Find the present value that will generate the future value of $3,373 at 11 1/4% compounded quarterly for 5 years. (Give your answer to the nearest cent.)P = $arrow_forwardComplete the following using compound future value. (Use the Table provided.) (Round your answers to the nearest cent.) Time Principal Rate Compounded Amount Interest 12 years $15,000 3 1/2 % Annuallyarrow_forwardFind the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $47.67 at 4.5% compounded daily for 5 yearsarrow_forward
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