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aFV of $800 paid each 6 months for bFV of $400 paid each 3 months for 3 years a These uities receive the same amount of cash during the compounded semiannually. Do not round intermediate calculations Round your answer to the nearest cont compounded quarterly. De m an interest alate yet Round Why does this met

aFV of $800 paid each 6 months for bFV of $400 paid each 3 months for 3 years a These uities receive the same amount of cash during the compounded semiannually. Do not round intermediate calculations Round your answer to the nearest cont compounded quarterly. De m an interest alate yet Round Why does this met

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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Find the future values of the following ordinary annuities a. FV of $800 paid each 6 months for 5 years at a nominal rate of 16% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent b. PV of $400 paid each 3 months for 5 years at a nominal rate of 16% compounded quarterly. Do not round intermediate calculations. Round y These annuities receive the same amount of cash during the 5-year period and earn interest at the same nominal rate, yet the anity in p The annuity in part (8) is compounded less frequently therefore, mare interest is earned in prestly and intere Hide Feedback Incorrect a. Why does this use? Check My Work (m
Transcribed Image Text:Find the future values of the following ordinary annuities a. FV of $800 paid each 6 months for 5 years at a nominal rate of 16% compounded semiannually. Do not round intermediate calculations. Round your answer to the nearest cent b. PV of $400 paid each 3 months for 5 years at a nominal rate of 16% compounded quarterly. Do not round intermediate calculations. Round y These annuities receive the same amount of cash during the 5-year period and earn interest at the same nominal rate, yet the anity in p The annuity in part (8) is compounded less frequently therefore, mare interest is earned in prestly and intere Hide Feedback Incorrect a. Why does this use? Check My Work (m
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