Please calculate the initial amount needed to have $10,000 after 8 years at 6% compounded quarterly with the present value interest factor chart.
Please calculate the initial amount needed to have $10,000 after 8 years at 6% compounded quarterly with the present value interest factor chart.
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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Please calculate the initial amount needed to have $10,000 after 8 years at 6% compounded quarterly with the
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