Given that, Present Value (PU) = $12000 Rake of Interest (0₁) = 9% = 0.09 Producer payment (P) = $1500 Now, Гр. 2/ ۱۱-17 In [1+M) "

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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- Given that,
Present Value (PV) = $12000
Rake of Interest (0) = 91² = 0.09
Producer payment (P)
= $1500
Now,
n
n =
n =
=
=
ли
In [(1-PU(31))-1] = In (12+14)
M)
en [
-
So, Jack
$1200x0.09
$1500
In 3.571 ÷ In 1.09
1.273 +0.08.62
15 years.
)^] =
Takys 15 years
= In (1+0.09)
to repay
his Joan.
Transcribed Image Text:- Given that, Present Value (PV) = $12000 Rake of Interest (0) = 91² = 0.09 Producer payment (P) = $1500 Now, n n = n = = = ли In [(1-PU(31))-1] = In (12+14) M) en [ - So, Jack $1200x0.09 $1500 In 3.571 ÷ In 1.09 1.273 +0.08.62 15 years. )^] = Takys 15 years = In (1+0.09) to repay his Joan.
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