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
An investor plans to make an annual deposit of $2000 per year, with the first deposit is one-year from today. What will be the value of these deposits 12 years later if earning 9% APR compounded annually?
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