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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Answer the following and show your Complete Solution.
Find the actual time from October 5, 2019 to December 11, 2019
a. 98 days
b. 97 days
c. 79 days
d. 87 days
Which of the following are NOT true?
I. Principal is the money given or paid invested in the origin date
II. Origin date is a date on which money is paid by the borrower.
III. Interest is an amount or earned for the use of the money
IV. Simple Interest is an interest that is computed on the principal and then added to it.
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