2. How much should be invested now (at present time) at 8% compound interest per year, in order to receive US$ 1360.5 within 4 years; or what is the present equivalent worth of US$ 1 360.5 to be received four years in the future?
2. How much should be invested now (at present time) at 8% compound interest per year, in order to receive US$ 1360.5 within 4 years; or what is the present equivalent worth of US$ 1 360.5 to be received four years in the future?
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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![2. How much should be invested now (at present time) at 8%
compound interest per year, in order to receive US$ 1360.5
within 4 years; or what is the present equivalent worth of US$ 1
360.5 to be received four years in the future?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F00bb5041-c0b8-4bfd-bfb4-799e15661d3f%2Fe3a05592-5826-4e34-af74-7c31ddf56030%2Fz4b05xo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:2. How much should be invested now (at present time) at 8%
compound interest per year, in order to receive US$ 1360.5
within 4 years; or what is the present equivalent worth of US$ 1
360.5 to be received four years in the future?
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