Compounding 8. If you invest $2100 at interest rate of 6.25% for 27 years of simple annual but pay a fee each year of >> basis points, how much less do you have lat the end, relative to the no-fee case? (use 2 decimal places)

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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Question 8 please 

interest rate of 4.29 10
worth $2665.58. What was the initial amount.
lassumdag simple annual compounding? (use 2 decked
(places).
2665.58
P = (1+0,0428) 19
P=1,199.99
8. If you invest $2100 at interest rate of
6.25% for 27 years of simple annua
Compounding, but pay a fee each year of
>> basis points, how much less do you have
at the end, relative to the no-fee
case? (use 2 decimal places)
Transcribed Image Text:interest rate of 4.29 10 worth $2665.58. What was the initial amount. lassumdag simple annual compounding? (use 2 decked (places). 2665.58 P = (1+0,0428) 19 P=1,199.99 8. If you invest $2100 at interest rate of 6.25% for 27 years of simple annua Compounding, but pay a fee each year of >> basis points, how much less do you have at the end, relative to the no-fee case? (use 2 decimal places)
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