nterest rate is 2%. When I make a deposit of 10,000 yen with the maturity of 3 years, I plan to receive an interest every year. In this case, I can receive 200 yen as an interest after 1 year, and 200 yen as an interest after 2 years. At the end of the 3r year, I can receive 10,200 yen including principal and interest. In other situation, if I make a deposit of 10,000 yen with the maturity of 3 years, I can receive 250 yen after 1 year, and 250 yen after 2 years. At the end of the 3rd year, I can receive 10,250 yen. How much is the interest rate of this opportunity? Write an answer like the example. 2.1 (%) DO NOT put % in your answer
nterest rate is 2%. When I make a deposit of 10,000 yen with the maturity of 3 years, I plan to receive an interest every year. In this case, I can receive 200 yen as an interest after 1 year, and 200 yen as an interest after 2 years. At the end of the 3r year, I can receive 10,200 yen including principal and interest. In other situation, if I make a deposit of 10,000 yen with the maturity of 3 years, I can receive 250 yen after 1 year, and 250 yen after 2 years. At the end of the 3rd year, I can receive 10,250 yen. How much is the interest rate of this opportunity? Write an answer like the example. 2.1 (%) DO NOT put % in your answer
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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Interest rate is 2%. When I make a deposit of 10,000 yen with the maturity of 3 years, I plan to receive an interest every year. In this case, I can receive 200 yen as an interest after 1 year, and 200 yen as an interest after 2 years. At the end of the 3r year, I can receive 10,200 yen including principal and interest.
In other situation, if I make a deposit of 10,000 yen with the maturity of 3 years, I can receive 250 yen after 1 year, and 250 yen after 2 years. At the end of the 3rd year, I can receive 10,250 yen. How much is the interest rate of this opportunity? Write an answer like the example. <Example> 2.1 (%)
DO NOT put % in your answer
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