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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Transcribed Image Text:Finance.
5. Calculate the difference between the future values of $12,000 payable in 6 years at 5% simple
and 5% compounded annually interest rates.
ANS
6. Approximately how many months will it take for $10,000 to double at 15% simple interest rate.
ANS
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