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A friend would like to return to school full time beginning in four years. Your friend will need $10,000 per semester for each of the four years beginning in four years. How much should your friend invest for each of the next four years at 4% compounded semiannually? $12,960 None of the other alternatives are correct • $8,535 • $7,716 $6,310

A friend would like to return to school full time beginning in four years. Your friend will need $10,000 per semester for each of the four years beginning in four years. How much should your friend invest for each of the next four years at 4% compounded semiannually? $12,960 None of the other alternatives are correct • $8,535 • $7,716 $6,310

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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A friend would like to return to school full time beginning in four years. Your friend. will need $10,000 per semester for each of the four years beginning in four years. How much should your friend invest for each of the next four years at 4% compounded semiannually? $12,960 None of the other alternatives are correct $8,535 $7,716 • $6,310 ●
Transcribed Image Text:A friend would like to return to school full time beginning in four years. Your friend. will need $10,000 per semester for each of the four years beginning in four years. How much should your friend invest for each of the next four years at 4% compounded semiannually? $12,960 None of the other alternatives are correct $8,535 $7,716 • $6,310 ●
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