C 12. Jim puts had $5000 in a CD on January 1, 2008. He deposited an additional $350 dollars each month for the next 4 years. What annual rate of interest compounded weekly would he need in order to have had a total of $22500 in his CD at the end of December 2011? N= 1% = PV = PMT= FV= P/Y= C/Y=
C 12. Jim puts had $5000 in a CD on January 1, 2008. He deposited an additional $350 dollars each month for the next 4 years. What annual rate of interest compounded weekly would he need in order to have had a total of $22500 in his CD at the end of December 2011? N= 1% = PV = PMT= FV= P/Y= C/Y=
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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all i need is the table to be filled in
Solve asap thumsup will be given..
![C
12. Jim puts had $5000 in a CD on January 1, 2008. He deposited an additional $350 dollars
each month for the next 4 years. What annual rate of interest compounded weekly would
he need in order to have had a total of $22500 in his CD at the end of December 2011?
N =
1% =
PV =
PMT=
FV =
P/Y=
C/Y=](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c4d7c99-5f48-4c5b-a103-ebdb1d00bc36%2F3c7be52e-2ff0-464f-86ee-bae9823243fc%2Fcl4hk9o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:C
12. Jim puts had $5000 in a CD on January 1, 2008. He deposited an additional $350 dollars
each month for the next 4 years. What annual rate of interest compounded weekly would
he need in order to have had a total of $22500 in his CD at the end of December 2011?
N =
1% =
PV =
PMT=
FV =
P/Y=
C/Y=
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