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9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How much will $1500 deposited today be worth in 15 years? 10. Same as question 9 except interest is compounded twice per month.

9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How much will $1500 deposited today be worth in 15 years? 10. Same as question 9 except interest is compounded twice per month.

Essentials Of Investments
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
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Please kindly answer 10 , 11 and 12

9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How much will $1500 deposited today be worth in 15 years? 10. Same as question 9 except interest is compounded twice per month. 11. Youborrowed $15,000 and agreed to pay $1200 per year. Interest is 6.5% per year. You do notmake payments in years 3 and 4. You begin making payments agam in year 5, with the payment amount now being $1800 per year. What will be the amount of the last payment on this loan? 12. $300 is deposited uniformly and continuously each year for 10 years. Interest is 9.5%nominal per year, compounded continuously. How much will be in the account at the end of the 10 years?
Transcribed Image Text:9. Money is mvested at 10.5% nommal annual rate. Interested is compounded monthly. How much will $1500 deposited today be worth in 15 years? 10. Same as question 9 except interest is compounded twice per month. 11. Youborrowed $15,000 and agreed to pay $1200 per year. Interest is 6.5% per year. You do notmake payments in years 3 and 4. You begin making payments agam in year 5, with the payment amount now being $1800 per year. What will be the amount of the last payment on this loan? 12. $300 is deposited uniformly and continuously each year for 10 years. Interest is 9.5%nominal per year, compounded continuously. How much will be in the account at the end of the 10 years?
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