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
please show the formular in excel
Transcribed Image Text:B.
5.
Sarah deposited 5 000 € on an account in the beginning of 2016.
Interest rate of her account is 1,15% and the soource tax rate is 30%
How much more she should deposit in the beginning of 2023,
to have balance of 7 000 € in the beginning of 2030?
Principal
Nominal interest rate
1.15
Rate (net)
Source tax
30
Time
Maturity value
Principal
Rate (net)
Time
Maturity value
Answer:
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