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3-9. What amount would need to be paid each January 1 if at the end of 15 years (15 payments) you desired the amount of $10,000? Annual in- terest is 5%. (Note: The last payment will coin- dide with the time of the $10,000 balance.) ( 3-10. A future amount, F, is equivalent to $1,500 now when 8 years separates the amounts and the annual interest is 12%. What is the value of F?(

3-9. What amount would need to be paid each January 1 if at the end of 15 years (15 payments) you desired the amount of $10,000? Annual in- terest is 5%. (Note: The last payment will coin- dide with the time of the $10,000 balance.) ( 3-10. A future amount, F, is equivalent to $1,500 now when 8 years separates the amounts and the annual interest is 12%. What is the value of F?(

Essentials Of Investments
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
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3-9. What amount would need to be paid each January 1 if at the end of 15 years (15 payments) you desired the amount of $10,000? Annual in- terest is 5%. (Note: The last payment will coin- cide with the time of the $10,000 balance.) ( 3-10. A future amount, F, is equivalent to $1,500 now when 8 years separates the amounts and the annual interest is 12%. What is the value of F? (
Transcribed Image Text:3-9. What amount would need to be paid each January 1 if at the end of 15 years (15 payments) you desired the amount of $10,000? Annual in- terest is 5%. (Note: The last payment will coin- cide with the time of the $10,000 balance.) ( 3-10. A future amount, F, is equivalent to $1,500 now when 8 years separates the amounts and the annual interest is 12%. What is the value of F? (
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