22.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Rate (%) Interest Compounded Present Value Compound Interest $26,500 18 months 4 semiannually $ $
22.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent. Compound Amount Term of Investment Nominal Rate (%) Interest Compounded Present Value Compound Interest $26,500 18 months 4 semiannually $ $
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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22.Calculate the present value (principal) and the compound interest (in $). Use Table 11-2. Round your answers to the nearest cent.
| Compound Amount |
Term of Investment |
Nominal Rate (%) |
Interest Compounded |
Present Value |
Compound Interest |
|---|---|---|---|---|---|
| $26,500 | 18 months | 4 | semiannually | $ | $ |
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