Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:In how many months will $1652 grow to $2276 at 5.8% p.a.? Round to one
decimal.
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- suppose that $6,300 is invested at 3.1% annual intrest rate, componded monthly. how much money will be in the account in 9 months?arrow_forwardHow much will deposits of $35 made at the end of each month amount to after 12 years if interest is 4% compounded quarterly? The deposits will amount to S (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)arrow_forward< A debt of $7931 23 is repaid by payments of $1129.24 in 7 months, $1229.85 in 15 months, and a final payment in 23 months. If interest was 9% compounded annually, what was the amount of the final payment? The final payment is $☐ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)arrow_forward
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