MC algo 5-21 Calculating Present Values Both you and your older brother would like to have $24,000 in 13 years. Because of your success in this class, you feel that you are a more savvy investor than your brother and will be able to earn an annual return of 11.2 percent compared to your brother's 10.1 percent. How much less than your brother will you have to deposit today? Multiple Choice $832.92 $749.63 $2,081.35 $925.47 $1,041.15
MC algo 5-21 Calculating Present Values Both you and your older brother would like to have $24,000 in 13 years. Because of your success in this class, you feel that you are a more savvy investor than your brother and will be able to earn an annual return of 11.2 percent compared to your brother's 10.1 percent. How much less than your brother will you have to deposit today? Multiple Choice $832.92 $749.63 $2,081.35 $925.47 $1,041.15
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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MC algo 5-21 Calculating Present Values
Both you and your older brother would like to have $24,000 in 13 years. Because of your success in this class, you feel that you are a more savvy investor than your brother and will be able to earn an annual return of 11.2 percent compared to your brother's 10.1 percent. How much less than your brother will you have to deposit today?
Multiple Choice
-
$832.92
-
$749.63
-
$2,081.35
-
$925.47
-
$1,041.15
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