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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plz answer question 3.
Transcribed Image Text:1234S
3) Given the information for a cash flow diagram
Year
Amount
$500
$300
$200
140.20
a) Find the future value and present value for such payment schedule assuming interest
rate of 7% compounded annually.
4) What would be the future value of $100 schedule payment that pays 12% yearly
interest rate that is compounded monthly over the period of 5 years?
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