50,000 is invested for 6 months at 12% per annum. The value of the investment, to the nearest whole pound, at the end of 6 months, if interest is compounded semi-annually is: £52,915 £47,246 £47,170 £53,000 None of the above
50,000 is invested for 6 months at 12% per annum. The value of the investment, to the nearest whole pound, at the end of 6 months, if interest is compounded semi-annually is: £52,915 £47,246 £47,170 £53,000 None of the above
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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£50,000 is invested for 6 months at 12% per annum. The value of the investment, to the
nearest whole pound, at the end of 6 months, if interest is compounded semi-annually is:
- £52,915
- £47,246
- £47,170
- £53,000
- None of the above
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