On September 30, an inn invested $21,750 in a short-term investment of 207 days. An investment of this length earns 1,3% p.a How much will the investment be worth at maturity? The investment be worth $ at maturity (Round to the nearest cent as needed)

On September 30, an inn invested $21,750 in a short-term investment of 207 days. An investment of this length earns 1,3% p.a How much will the investment be worth at maturity? The investment be worth $ at maturity (Round to the nearest cent as needed)

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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On September 30, an inn invested $21,750 in a short-term investment of 207 days. An investment of this length earns 1,3% pa How much will the investment be worth at maturity? The investment be worth $at maturity (Round to the nearest cent as needed) Enter your answer in the answer box
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