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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Mf2.
8. Calculate the semi-annual rate convertible monthly, from 38% convertible semi-annually.
9. To pay for a certain item with a value of $5,000, 3 payments were agreed: a 30% down payment, a second payment per month, and a third payment of $1,700 at 3 months. What is the value of the second payment with 42% interest?
12. What instantaneous rate is equivalent to a rate of 28% convertible monthly?
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