Assume today is January 1 and you plan to invest $4,000 today in an account earning interest of 6% compounded semi-annually. You would like to calculate the amount your investment will grow to three years from now. Question: What should be the correct "n" and "i" to use for factor table purposes in order to answer your question?
Assume today is January 1 and you plan to invest $4,000 today in an account earning interest of 6% compounded semi-annually. You would like to calculate the amount your investment will grow to three years from now. Question: What should be the correct "n" and "i" to use for factor table purposes in order to answer your question?
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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Assume today is January 1 and you plan to invest $4,000 today in an account earning interest of 6% compounded semi-annually.
You would like to calculate the amount your investment will grow to three years from now.
Question: What should be the correct "n" and "i" to use for factor table purposes in order to answer your question?
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