ple Choice $56,625. $64,110. $56.110. $28,800

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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$56,625.
$64,110.
$56,110.
$28.800
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Transcribed Image Text:Multiple Choice $56,625. $64,110. $56,110. $28.800 < Prev 5 of 15 Next
Il - Chapter 5 O
Saved
Help
Save & Exit
N I FV $1
PV $1
FVA $1
PVA $1
FVAD $1
PVAD $1
1
1.03000 0.97087
1.0000
0.97087 1.0300
1.00000
1.06090 0.94260
1.09273 0.91514
2.0300
1.91347
2.0909
1.97087
3
3.0909
2.82861
3.1836
2.91347
4
1.12551 o.88849
4.1836
3.71710
4.3091
3.82861
1.15927 0.86261
5.3091
4.57971
5.4684
4.71710
1.19405 0.83748
1.22987 0.81309
1.26677 0.78941
1.30477 0.76642 |10.1591
10 1.34392 0.74409 11.4639
11 1.38423 0.72242
12 1.42576 0.70138
6
6.4684
5.41719
6.6625
5.57971
7
7.6625
6.23028
7.8923
6.41719
8
8.8923
7.01969
9.1591
7.23028
9.
7.78611
10.4639
8.01969
8.53020
11.8078
8.78611
12.8078
9.25262
13.1920
9.53020
14.1920
14.6178 10.25262
15.6178 10.63496 | 16.0863 10.95400
9.95400
13 1.46853 0.68095
14 1.51259 0.66112
15 1.55797 0.64186
16 1.60471 0.62317
17.5989 11.63496
19.1569 12.29607
20.1569 12 56110 | 20.7616 12.93794
17.0863 11.29607
18.5989 11.93794
Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $80,000
6-years from now. How much must Shane deposit to accomplish his goal?
Prey
5 of 15
Next >
Transcribed Image Text:Il - Chapter 5 O Saved Help Save & Exit N I FV $1 PV $1 FVA $1 PVA $1 FVAD $1 PVAD $1 1 1.03000 0.97087 1.0000 0.97087 1.0300 1.00000 1.06090 0.94260 1.09273 0.91514 2.0300 1.91347 2.0909 1.97087 3 3.0909 2.82861 3.1836 2.91347 4 1.12551 o.88849 4.1836 3.71710 4.3091 3.82861 1.15927 0.86261 5.3091 4.57971 5.4684 4.71710 1.19405 0.83748 1.22987 0.81309 1.26677 0.78941 1.30477 0.76642 |10.1591 10 1.34392 0.74409 11.4639 11 1.38423 0.72242 12 1.42576 0.70138 6 6.4684 5.41719 6.6625 5.57971 7 7.6625 6.23028 7.8923 6.41719 8 8.8923 7.01969 9.1591 7.23028 9. 7.78611 10.4639 8.01969 8.53020 11.8078 8.78611 12.8078 9.25262 13.1920 9.53020 14.1920 14.6178 10.25262 15.6178 10.63496 | 16.0863 10.95400 9.95400 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 17.5989 11.63496 19.1569 12.29607 20.1569 12 56110 | 20.7616 12.93794 17.0863 11.29607 18.5989 11.93794 Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $80,000 6-years from now. How much must Shane deposit to accomplish his goal? Prey 5 of 15 Next >
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