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
Related questions
Question
Find the present value of $675 due in the future under each of the following conditions. Do not round intermediate calculations. Round your answers to the nearest cent.
-
15% nominal rate, semiannual compounding, discounted back 5 years.
$
-
15% nominal rate, quarterly compounding, discounted back 5 years.
$
-
15% nominal rate, monthly compounding, discounted back 1 year.
$
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