Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Use logarithms to solve the problem.
How long will it take an investment of $7000 to triple if the investment earns interest at the rate of 4%/year compounded daily? (Round your answer to two decimal places.)
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- How long (in years) would $200 have to be invested at 6%, compounded continuously, to amount to $920? (Round your answer to the nearest whole number.) yrarrow_forwardHow much invested now at i= 7% would be enough to provide three payments, with the first payment in the amount of $8400 occurring two years hence (count from time zero), then $6800 five years hence (count from time zero), $5000 seven years hence (count from time zero)? (Please keep the integer)arrow_forwardHow long will it take for a some of money to double if it is invested at 5% interest compounded annually?arrow_forward
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