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
Related questions
Question
Transcribed Image Text:1) Penny wants to have $300,000 in an investment account after twenty-five years of savings. The account will
pay 0.18 percent interest per week. If she deposits the same amount at the end of each week, how much will
each deposit have to be for her to reach her goal?
n
1%
pv
pmt
fv
1)
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