16. Eric wants to invest money today to have $10000 in 6 years. If she invests her money at 5.75% per year, compounded quarterly, how much does she need to invest now? (Hint: Need to find the present value)
16. Eric wants to invest money today to have $10000 in 6 years. If she invests her money at 5.75% per year, compounded quarterly, how much does she need to invest now? (Hint: Need to find the present value)
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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