Calculate the amount deposited one year ago to have now 1000 S at interest rate 5 % and 2000S next year? Assume the interest rate is 1. Simple interest rate 2. Compound interest rate

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
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Calculate the amount deposited one year ago to have now 1000 S at interest rate 5 % and 2000S next
year?
Assume the interest rate is
1. Simple interest rate
2. Compound interest rate
Transcribed Image Text:Calculate the amount deposited one year ago to have now 1000 S at interest rate 5 % and 2000S next year? Assume the interest rate is 1. Simple interest rate 2. Compound interest rate
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