Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are made into a fund paying a nominal 10 percent per year compounded continuously. a. What will the fund amount to after 7 years? b. What is the present worth equivalent of the total set of deposits? c. What is the equal semiannual equivalent amount of the deposits?
Semiannual deposits, beginning with $500 and increasing by $100 with each subsequent deposit, are made into a fund paying a nominal 10 percent per year compounded continuously. a. What will the fund amount to after 7 years? b. What is the present worth equivalent of the total set of deposits? c. What is the equal semiannual equivalent amount of the deposits?
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 find attached the Chap 2-Problem 177 in Principles of Engineering Economic Analysis, White, 6e
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