Mrs. Go make deposits that forms a geometric gradient that increases at 6% per month for 1 year. She deposits P 500 at the end of the first month. The deposit has an interest rate of 12% compounded monthly, compute: A) The present value of her deposits B) The equivalent uniform annual deposits C) The future value of her deposits
Mrs. Go make deposits that forms a geometric gradient that increases at 6% per month for 1 year. She deposits P 500 at the end of the first month. The deposit has an interest rate of 12% compounded monthly, compute: A) The present value of her deposits B) The equivalent uniform annual deposits C) The future value of her deposits
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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Mrs. Go make deposits that forms a geometric gradient that increases at 6% per month for 1 year. She deposits P 500 at the end of the first month. The deposit has an interest rate of 12% compounded monthly, compute:
A) The
B) The equivalent uniform annual deposits
C) The
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