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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Question
Calculate the accumulated amount in each investment after 40 years.
- $150 invested on the first day of each month at 6% compounded monthly
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N = I% = PV = PMT = FV = P/Y = C/Y = PMT: END BEGIN |
- $900 invested on January 1st and on July 1st at 4% compounded semi-annually.
|
N = I% = PV = PMT = FV = P/Y = C/Y = PMT: END BEGIN |
- $450 invested on January 1st, April 1st, July 1st, and October 1st at 5% compounded quarterly.
|
N = I% = PV = PMT = FV = P/Y = C/Y = PMT: END BEGIN |
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