B. How long will the given principal P take to reach the given maturity value A at the given simple interest rate r? 6. P = P150, 000; A= P151, 000; r = 4% 7.P = P800, 000; A= P801, 000; r = 3% 8. P = P750, 000; A= P750, 500; r = 2%
B. How long will the given principal P take to reach the given maturity value A at the given simple interest rate r? 6. P = P150, 000; A= P151, 000; r = 4% 7.P = P800, 000; A= P801, 000; r = 3% 8. P = P750, 000; A= P750, 500; r = 2%
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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![B. How long will the given principal P take to reach the given maturity value A at the given simple interest
rate r?
6. P = P150, 000; A= P151, 000; = 4%
7. P = P800, 000; A= P801, 000; r = 3%
8. P = P750, 000; A= P750, 500; r = 2%
9. P = P400, 000; A= P401, 000; r = 3.5%
10. P = P90, 000; A= P95,000; r = 4,5%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9fe61fd3-8fd9-4ff7-8c7a-0ed4a75b5b40%2F61aebc61-313f-4526-bd6b-dcec490b36af%2Fu0n80y3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:B. How long will the given principal P take to reach the given maturity value A at the given simple interest
rate r?
6. P = P150, 000; A= P151, 000; = 4%
7. P = P800, 000; A= P801, 000; r = 3%
8. P = P750, 000; A= P750, 500; r = 2%
9. P = P400, 000; A= P401, 000; r = 3.5%
10. P = P90, 000; A= P95,000; r = 4,5%
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