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a. F=1500.23 JOD b. F=1550.45 JOD c. F=1610.51 JOD d. F=1350.80 JOD

a. F=1500.23 JOD b. F=1550.45 JOD c. F=1610.51 JOD d. F=1350.80 JOD

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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If the principle amount of money P= 1000 JOD, i%= 10, n=5 years: F = ?, if i% compounded yearly O a. F=1500.23 JOD O b. F=1550.45 JOD O c. F=1610.51 JOD O d. F=1350.80 JOD
Transcribed Image Text:If the principle amount of money P= 1000 JOD, i%= 10, n=5 years: F = ?, if i% compounded yearly O a. F=1500.23 JOD O b. F=1550.45 JOD O c. F=1610.51 JOD O d. F=1350.80 JOD
Interest rate is A: O a. None O b. Is the practice of charging an interest rate to an initial sum and to any previously accumulated interest O c. Is the practice of charging an interest rate only to an initial sum O d. Percentage periodically applied to a sum of money to determine the amount of interest to be added to that sum
Transcribed Image Text:Interest rate is A: O a. None O b. Is the practice of charging an interest rate to an initial sum and to any previously accumulated interest O c. Is the practice of charging an interest rate only to an initial sum O d. Percentage periodically applied to a sum of money to determine the amount of interest to be added to that sum
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