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ments A promissory note: O Is an oral promise O Is a conditional promise O Has a fixed time O Has a variable time in the future to be paid O None of these Compounding always requires the use of tables. O True O False 3.33 pts 3.33 pts D 3.33 pts Mia Kaminsky wants to attend Riverside Community College. She will need to have $25,000 six years from today. Mia is wondering what she will have to put in the bank today so that she will have $25,000 six years from now. Her bank pays 5% compounded semiannually. The amount Mia will have to deposit is: O $18,950 O $33,226 O $18,588.90 O $33,622

ments A promissory note: O Is an oral promise O Is a conditional promise O Has a fixed time O Has a variable time in the future to be paid O None of these Compounding always requires the use of tables. O True O False 3.33 pts 3.33 pts D 3.33 pts Mia Kaminsky wants to attend Riverside Community College. She will need to have $25,000 six years from today. Mia is wondering what she will have to put in the bank today so that she will have $25,000 six years from now. Her bank pays 5% compounded semiannually. The amount Mia will have to deposit is: O $18,950 O $33,226 O $18,588.90 O $33,622

Essentials Of Investments
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
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ments A promissory note: O Is an oral promise O Is a conditional promise O Has a fixed time O Has a variable time in the future to be paid O None of these Compounding always requires the use of tables. O True O False 3.33 pts 3.33 pts D 3.33 pts Mia Kaminsky wants to attend Riverside Community College. She will need to have $25,000 six years from today. Mia is wondering what she will have to put in the bank today so that she will have $25,000 six years from now. Her bank pays 5% compounded semiannually. The amount Mia will have to deposit is: O $18,950 O $33,226 O $18,588.90 O $33,622
Transcribed Image Text:ments A promissory note: O Is an oral promise O Is a conditional promise O Has a fixed time O Has a variable time in the future to be paid O None of these Compounding always requires the use of tables. O True O False 3.33 pts 3.33 pts D 3.33 pts Mia Kaminsky wants to attend Riverside Community College. She will need to have $25,000 six years from today. Mia is wondering what she will have to put in the bank today so that she will have $25,000 six years from now. Her bank pays 5% compounded semiannually. The amount Mia will have to deposit is: O $18,950 O $33,226 O $18,588.90 O $33,622
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