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a. $10,000 after 6 years if the investment earns 5%/year compounded annually? b. $6,500 after 4 years if the investment earns 8%/year compounded annually? c. $3,400 after 12 years if the investment earns 6%/year compounded annually? d. $13,500 after 5 years if the investment earns 10%/year compounded annually?

a. $10,000 after 6 years if the investment earns 5%/year compounded annually? b. $6,500 after 4 years if the investment earns 8%/year compounded annually? c. $3,400 after 12 years if the investment earns 6%/year compounded annually? d. $13,500 after 5 years if the investment earns 10%/year compounded annually?

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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How much money would have to be deposited today to accumulate:

a. $10,000 after 6 years if the investment earns 5%/year compounded annually? b. $6,500 after 4 years if the investment earns 8%/year compounded annually? c. $3,400 after 12 years if the investment earns 6%/year compounded annually? d. $13,500 after 5 years if the investment earns 10%/year compounded annually?
Transcribed Image Text:a. $10,000 after 6 years if the investment earns 5%/year compounded annually? b. $6,500 after 4 years if the investment earns 8%/year compounded annually? c. $3,400 after 12 years if the investment earns 6%/year compounded annually? d. $13,500 after 5 years if the investment earns 10%/year compounded annually?
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