What will be the value of your saving in 4 years with an interest rate of 10% if you invest $120 today, $220 in two years and withdraw $60 in year 4? elect one: a.$441.88 b.$259.08 c.$381.89 d.$541.02

What will be the value of your saving in 4 years with an interest rate of 10% if you invest $120 today, $220 in two years and withdraw $60 in year 4? elect one: a.$441.88 b.$259.08 c.$381.89 d.$541.02

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

Problem 1PS

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Question

What will be the value of your saving in 4 years with an interest rate of 10% if you invest $120 today, $220 in two years and withdraw $60 in year 4?
Select one:
a.$441.88
b.$259.08
c.$381.89
d.$541.02

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