What is the number of periods in which the amount of $545,910 can be accumulated from initial investment of $400,000, with a nominal rate of 7.8% compounded monthly?
What is the number of periods in which the amount of $545,910 can be accumulated from initial investment of $400,000, with a nominal rate of 7.8% compounded monthly?
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
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1. What is the number of periods in which the amount of $545,910 can be accumulated from
an initial investment of $400,000, with a nominal rate of 7.8% compounded monthly?
2. Merchandise for $5,000.00 is purchased on credit, 25% is paid in cash and the rest is agreed
to be settled on a specific date. But four months before aturity the debt is paid. What will be
the total to be settled if the discount rate is 8% per month with monthly capitalizations?
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