What is the price of an investment that pays you $3000 per month with the first payment in 1 month and the last payment in 5 months if the expected return for the investment is 2.0% per month?( Round the value to Oth decimal to get a whole number ) Selected Answer: O [None Given] Correct Answer: O 14,140.38 Answer range +/- 28.28076 (14112.09924 - 14168.66076) September 1, 2021 8:34:31 AM EDT
What is the price of an investment that pays you $3000 per month with the first payment in 1 month and the last payment in 5 months if the expected return for the investment is 2.0% per month?( Round the value to Oth decimal to get a whole number ) Selected Answer: O [None Given] Correct Answer: O 14,140.38 Answer range +/- 28.28076 (14112.09924 - 14168.66076) September 1, 2021 8:34:31 AM EDT
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 1
What is the price of an investment that pays you $3000 per month with the first payment in 1 month and the last payment in 5 months if the expected return for the investment is 2.0% per month?( Round the value to Oth decimal to
get a whole number)
Selected Answer: O [None Given]
Correct Answer: O 14,140.38
Answer range +/- 28.28076 (14112.09924 - 14168.66076)
Eday, September 1, 2021 8:34:31 AM EDT](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6fffdc3c-e6df-49ef-9d78-ecb72002b401%2Fc5ab2c27-384e-466f-9122-948f41aa0ca2%2Fuui24uk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 1
What is the price of an investment that pays you $3000 per month with the first payment in 1 month and the last payment in 5 months if the expected return for the investment is 2.0% per month?( Round the value to Oth decimal to
get a whole number)
Selected Answer: O [None Given]
Correct Answer: O 14,140.38
Answer range +/- 28.28076 (14112.09924 - 14168.66076)
Eday, September 1, 2021 8:34:31 AM EDT
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