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

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

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
Problem 1PS
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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 interest rate 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%
Transcribed Image Text:B. How long will the given principal P take to reach the given maturity value A at the given simple interest rate 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%
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