How long will it take $1274.00 to accumulate to $1354.00 at 4% p.a. compounded semi-annually? State your answer in years and months (from 0 to 11 months). The investment will take year(s) and month(s) to mature. E
How long will it take $1274.00 to accumulate to $1354.00 at 4% p.a. compounded semi-annually? State your answer in years and months (from 0 to 11 months). The investment will take year(s) and month(s) to mature. E
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:How long will it take $1274.00 to accumulate to $1354.00 at 4% p.a. compounded semi-annually? State your answer in years and months (from 0 to 11 months).
The investment will take year(s) and
month(s) to mature.
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