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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do not use excel

first payment being made today. If the bank pays a nominal interest rate of 11 percent but uses semiannual compounding, how much will be in your account after 10 years. Use following information to answer next two questions: You deposited following stream of cash flow at the end of year: Year 1 deposit 5000 9. 4000 7000 6 What will be total amount in your account at the end of 6 year? What is present value of your deposit? 8. You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 annual installments. The first payment is next year. How much is the prize really worth? The discount rate is 8 percent. rate of interest 8% 8.5% 10% Offered rate is 12 percent. ENC
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Transcribed Image Text:first payment being made today. If the bank pays a nominal interest rate of 11 percent but uses semiannual compounding, how much will be in your account after 10 years. Use following information to answer next two questions: You deposited following stream of cash flow at the end of year: Year 1 deposit 5000 9. 4000 7000 6 What will be total amount in your account at the end of 6 year? What is present value of your deposit? 8. You win a lottery with a prize of $1.5 million. Unfortunately the prize is paid in 10 annual installments. The first payment is next year. How much is the prize really worth? The discount rate is 8 percent. rate of interest 8% 8.5% 10% Offered rate is 12 percent. ENC
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