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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Question
Transcribed Image Text:What is the amount of the quarterly deposits, A, such that you will be able to withdraw the
amounts shown in the cash flow diagram, if the interest rate is 10% compounded quarterly?
Use equation of value with focal point at Pt. 8.
P125,000
P75,000
No. of quarters
1
2
3
7
A deposits
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