Find the future value of an investment of $4,800 made today for the following rates and periods: (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) a. 6.25 percent compounded semi-annually for twelve years. Future value $ b. 7.63 percent compounded quarterly for six years. Future value $ c. 8.9 percent compounded monthly for ten years. Future value $ d. 10 percent compounded daily for three years. Future value $ e. 8 percent compounded continuously for two years. Future value $
Find the future value of an investment of $4,800 made today for the following rates and periods: (If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) a. 6.25 percent compounded semi-annually for twelve years. Future value $ b. 7.63 percent compounded quarterly for six years. Future value $ c. 8.9 percent compounded monthly for ten years. Future value $ d. 10 percent compounded daily for three years. Future value $ e. 8 percent compounded continuously for two years. Future value $
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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Find the
(If you solve this problem with algebra round intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.)
a. 6.25 percent compounded semi-annually for twelve years.
Future value | $
|
b. 7.63 percent compounded quarterly for six years.
Future value | $
|
c. 8.9 percent compounded monthly for ten years.
Future value | $
|
d. 10 percent compounded daily for three years.
Future value | $
|
e. 8 percent compounded continuously for two years.
Future value | $
|
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