layat kli recer increased sales, it built up some extra money to invest. Hayat Kimya will make deposits every year into an investment fund such that each one is 4% larger than the preceding one. Hayat Kimya will make the first deposit one year from now. Which one of the following is closest to the present worth of this investment if the deposits extend through year 9 and the 4" deposit is $52,530? Use an interest rate of 11% per year. Select one: a. $ 50,516 b. $ 320, 119 c. $ 295,933 d. $ 273,081 e. $ 226,712
layat kli recer increased sales, it built up some extra money to invest. Hayat Kimya will make deposits every year into an investment fund such that each one is 4% larger than the preceding one. Hayat Kimya will make the first deposit one year from now. Which one of the following is closest to the present worth of this investment if the deposits extend through year 9 and the 4" deposit is $52,530? Use an interest rate of 11% per year. Select one: a. $ 50,516 b. $ 320, 119 c. $ 295,933 d. $ 273,081 e. $ 226,712
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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![Hayat Kimya manufactures Evony medical masks and is seeing good increase of its sales recently. As a result of the
increased sales, it built up some extra money to invest. Hayat Kimya will make deposits every year into an investment
fund such that each one is 4% larger than the preceding one. Hayat Kimya will make the first deposit one year from
now.
Which one of the following is closest to the present worth of this investment if the deposits extend through year 9
th
and the 4" deposit is $52,530? Use an interest rate of 11% per year.
Select one:
a. $ 50,516
b. $ 320,119
c. $ 295,933
d. $ 273,081
e. $ 226,712](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1747a03-0801-44a0-8b3d-747f6b875ef3%2F0830778b-8c87-457a-acbb-0fde8549905b%2F6sno6lt_processed.png&w=3840&q=75)
Transcribed Image Text:Hayat Kimya manufactures Evony medical masks and is seeing good increase of its sales recently. As a result of the
increased sales, it built up some extra money to invest. Hayat Kimya will make deposits every year into an investment
fund such that each one is 4% larger than the preceding one. Hayat Kimya will make the first deposit one year from
now.
Which one of the following is closest to the present worth of this investment if the deposits extend through year 9
th
and the 4" deposit is $52,530? Use an interest rate of 11% per year.
Select one:
a. $ 50,516
b. $ 320,119
c. $ 295,933
d. $ 273,081
e. $ 226,712
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