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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Question
For the cash flow given below, the annual uniform deposit (A) that yields an equal blance by the end of n =22 years is closest to:
Transcribed Image Text:i= 12%
2
3
4! n-1
$500
$700
$900
$1100
A
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