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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Donna has Php35,000. She decided to buy a new gadget at Php30,000 and invested her remaining Php 5,000 in an instrument that offers a 4.5 % rate per annum. After five years, the gadget was not anymore use and how much is the world of the investment? If she invested the other way around, how much money will it make?
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