A fixed interest investment is growing at 2.9% per year. Its current value is $3500. a.) What will be the value of the investment eight years from now? b.) what was the value of the investment three years ago? c.) what will be the value of the investment m months from now?
A fixed interest investment is growing at 2.9% per year. Its current value is $3500. a.) What will be the value of the investment eight years from now? b.) what was the value of the investment three years ago? c.) what will be the value of the investment m months from now?
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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A fixed interest investment is growing at 2.9% per year. Its current value is $3500.
a.) What will be the value of the investment eight years from now?
b.) what was the value of the investment three years ago?
c.) what will be the value of the investment m months from now?
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