A. What is the present value of the following series of prospective payments? $1,500 a year for 16 years at 14% compounded annually. $1,500 a year for 16 years at 14% compounded monthly. $200 a month for 20 years at 12% compounded semi-annually.
A. What is the present value of the following series of prospective payments? $1,500 a year for 16 years at 14% compounded annually. $1,500 a year for 16 years at 14% compounded monthly. $200 a month for 20 years at 12% compounded semi-annually.
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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A. What is the
-
- $1,500 a year for 16 years at 14% compounded annually.
- $1,500 a year for 16 years at 14% compounded monthly.
- $200 a month for 20 years at 12% compounded semi-annually.
- $200 a month for 20 years at 12% compounded annually.
- $500 a quarter for 5 years at 16% compounded quarterly.
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