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B. How long wil the given principal P take to reach the given maturity value A at the given simple interest rate r? 6. P = P120,000; A = P121, 500; r = 1.15% 7. P = P16, 000; A = P16, 700; = 6.2% 8. P = P758, 000; A = P760, 000; r = 3.4% 9. P = P53, 500; A = P54, O00; r = 5.5% 10. P = P789, 000; A = P790, 000; r = 0.9%

B. How long wil the given principal P take to reach the given maturity value A at the given simple interest rate r? 6. P = P120,000; A = P121, 500; r = 1.15% 7. P = P16, 000; A = P16, 700; = 6.2% 8. P = P758, 000; A = P760, 000; r = 3.4% 9. P = P53, 500; A = P54, O00; r = 5.5% 10. P = P789, 000; A = P790, 000; r = 0.9%

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
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please answer 7 to 10 please ?
B. How long wil the given principal P take to reach the given maturity value A at the given simple interest rate r? 6. P = P120,000; A = P121, 500; r = 1.15% 7. P = P16, 000; A = P16, 700; r = 6.2% 8. P = P758, 000; A = P760, 000; = 3.4% 9. P = P53, 500; A = P54, 000; = 5.5% 10. P = P789, 000; A = P790, 000; r = 0.9%
Transcribed Image Text:B. How long wil the given principal P take to reach the given maturity value A at the given simple interest rate r? 6. P = P120,000; A = P121, 500; r = 1.15% 7. P = P16, 000; A = P16, 700; r = 6.2% 8. P = P758, 000; A = P760, 000; = 3.4% 9. P = P53, 500; A = P54, 000; = 5.5% 10. P = P789, 000; A = P790, 000; r = 0.9%
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