Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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No tables, please, only formulas
correct answers are:
(i) i(4) = 0.05956 pa
(ii) i(4) = 0.07613 pa
(iii) i(4) = 0.06030 pa
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Follow-up Question
No tables, please, only formulas
correct answers are:
(i) i(4) = 0.05956 pa
(ii) i(4) = 0.07613 pa
(iii) i(4) = 0.06030 pa
Solution
by Bartleby Expert
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- A debt of P3,500 is to be amortized by 6 equal semiannual payments with interest at 6%compounded semiannually, What is the balance of the principal on the 4th payment?arrow_forwardanswer please lol!arrow_forward3. A bank CD that pays 7.58 percent compounded annually. (Round answer to 2 decimal places, e.g. 15.25%.) what is the Effective annual rate %?arrow_forward
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