Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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You would like to put some money into an account so that you will have $6000 in the account 13 years from now. If the
account earns 3.5% interest per year, compounded quarterly, how much should you invest now in order to reach your
goal?
Give the answer correctly to 2 decimal places.
dollars
Do NOT use the dollar sign in the answer box.
ns
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Transcribed Image Text:You would like to put some money into an account so that you will have $6000 in the account 13 years from now. If the account earns 3.5% interest per year, compounded quarterly, how much should you invest now in order to reach your goal? Give the answer correctly to 2 decimal places. dollars Do NOT use the dollar sign in the answer box. ns
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