Find the periodic payment for each of the following scenarios, where m is the periodic deposit and r is the interest rate. Future compounding time periodic interest in Value r frequency deposit (m) earned years $ $ $200,000 5% annually 10 12.5779 15905.29 $ $ $250,000 7.8% semiannually 11 34.6003 7225.43 $ $ $125,000 3.7% quarterly 15 120.3921 1038.46
Find the periodic payment for each of the following scenarios, where m is the periodic deposit and r is the interest rate. Future compounding time periodic interest in Value r frequency deposit (m) earned years $ $ $200,000 5% annually 10 12.5779 15905.29 $ $ $250,000 7.8% semiannually 11 34.6003 7225.43 $ $ $125,000 3.7% quarterly 15 120.3921 1038.46
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:Find the periodic payment for each of the following scenarios, where m is the periodic deposit
and r is the interest rate.
Future
compounding time periodic
interest
in
Value
frequency
deposit (m)
earned
years
$
$200,000 5%
annually
10
12.5779
15905.29
$
$250,000 7.8% semiannually
11
34.6003
7225.43
$
$125,000 3.7%
quarterly
15
120.3921
1038.46
$
$
$225,000 3%
monthly
15
$
$175,000 7.5%
weekly
12
A
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