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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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How much money would you have to deposit for 5 consecutive years (equal annual
deposits) starting at the end of the year if you want to be able to withdraw ₱ 120,000 each
year for four years starting at the end of the 8th year? i = 11% per year
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- You want to be able to withdraw $45,000 each year for 15 years. Your account earns 6% interest. a) How much do you need in your account at the beginning? W b) How much total money will you pull out of the account? c) How much of that money is interest?arrow_forwardHow much money would be in an account if $6,200 is deposited at 2% interest compounded semi-annually and the money is left for 8 years?arrow_forwardYou want to save (deposit) $6,631 per year, starting next year, to make a down payment of $79,593 on a vacation home. If you can earn 4.24 percent on your investment, for how many years will you have to make deposits? Answer to 4 decimals.arrow_forward
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