3.- Carmen Arámbula received her paycheck on August 15 for $23,450.00, and decided to invest it immediately, with a 60-day term, at the end she received $23,918.35. At what annualized interest rate did she invest it? Take the actual year.
3.- Carmen Arámbula received her paycheck on August 15 for $23,450.00, and decided to invest it immediately, with a 60-day term, at the end she received $23,918.35. At what annualized interest rate did she invest it? Take the actual year.
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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PLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULAS
3.-
Carmen Arámbula received her paycheck on August 15 for $23,450.00, and decided to invest it immediately, with a 60-day term, at the end she received $23,918.35. At what annualized interest rate did she invest it? Take the actual year.
Note:
In the image, this is the original exercise, it is in Spanish, but it is easy to understand.
Very important Note:
It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.
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