Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period: Compounding Period (Compounded every Months) 12 Annual Deposit Amount Interest Period Account Jawa Scottish Mawar Berduri The Piranha Deposited RM 1,000 95,000 Rate 10% (Years) 10 12 1 1 8,000 12 2 2
Calculate the amount of money that will be in each of the following accounts at the end of the given deposit period: Compounding Period (Compounded every Months) 12 Annual Deposit Amount Interest Period Account Jawa Scottish Mawar Berduri The Piranha Deposited RM 1,000 95,000 Rate 10% (Years) 10 12 1 1 8,000 12 2 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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Transcribed Image Text:QUESTION 2- Time Value of Money
Calculate the amount of money that will be in each of the following accounts at the end of the
given deposit period:
Compounding Period
(Compounded every
Months)
12
Annual
Deposit
Amount
Interest
Period
Account
Deposited
RM 1,000
Rate
(Years)
Jawa Scottish
10 %
10
Mawar Berduri
95,000
8,000
120,000
30,000
15,000
12
1
1
The Piranha
12
2
2
Lea Rose
8
3
Bunga Larangan
Lin Suhaimi
10
4
12
3
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