1 Exercise 9.3 #3 algo (Calculator Version) 01:32:26 erences Saved What amount Invested today would grow to $10,600 after 30 years, if the investment earns: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Amount a. 4% compounded annually $ b. 4% compounded semiannually c. 4% compounded quarterly d. 4% compounded monthly $ $ $

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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Exercise 9.3 #3 algo (Calculator Version)
01:32:26
erences
Saved
What amount Invested today would grow to $10,600 after 30 years, if the investment earns: (Do not round intermediate calculations
and round your final answers to 2 decimal places.)
Amount
a. 4% compounded annually
$
b. 4% compounded semiannually
c. 4% compounded quarterly
d. 4% compounded monthly
$
$
$
Transcribed Image Text:1 Exercise 9.3 #3 algo (Calculator Version) 01:32:26 erences Saved What amount Invested today would grow to $10,600 after 30 years, if the investment earns: (Do not round intermediate calculations and round your final answers to 2 decimal places.) Amount a. 4% compounded annually $ b. 4% compounded semiannually c. 4% compounded quarterly d. 4% compounded monthly $ $ $
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