3. * Assuming 365 days in a financial year answe (a) Find the discounted value of $500 due in 8 (b) Find the discounted (c) Find the discounted (d) Find the discounted value of $500 due in 8 value of $500 due in 8 value of $500 due in 8

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
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3. * Assuming 365 days in a financial year answer the following questions:
(a) Find the discounted value of $500 due in 82 days at 9% (compound) interest.
(b) Find the discounted value of $500 due in 82 days at a (compound) discount rate of 9%.
(c) Find the discounted value of $500 due in 82 days at 9% simple interest.
(d) Find the discounted value of $500 due in 82 days at 9% commercial discount.
Transcribed Image Text:3. * Assuming 365 days in a financial year answer the following questions: (a) Find the discounted value of $500 due in 82 days at 9% (compound) interest. (b) Find the discounted value of $500 due in 82 days at a (compound) discount rate of 9%. (c) Find the discounted value of $500 due in 82 days at 9% simple interest. (d) Find the discounted value of $500 due in 82 days at 9% commercial discount.
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