please answer numbers 9 and 10 only B. How long will the given principal P take to reach the given maturity value A at the given simple interestrate r?6. P = P150, 000; A= P151, 000; = 4%7. P = P800, 000; A= P801, 000; r = 3%8. P = P750, 000; A= P750, 500; r = 2%9. P = P400, 000; A= P401, 000; r = 3.5%10. P = P90, 000; A= P95,000; r = 4,5%

9) Principal (P) = P 400000 Maturity value (A) = P 401000 r = 3.5% Let n = Years to reach to the…

Answered: 9. P = P400, 000; A= P401, 000; r =…

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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9. P = P400, 000; A= P401, 000; r = 3.5% 10. P = P90,000; A= P95, 000; r = 4.5%