you brought an investment that pays 2000 each year for 10 years, starting in year 10. (i) if the interest rate for investment of this type was 8%. how much would it have cost you? (ii) five years have passed, the rate required by investor is now 10%, what is the investment now worth?
you brought an investment that pays 2000 each year for 10 years, starting in year 10. (i) if the interest rate for investment of this type was 8%. how much would it have cost you? (ii) five years have passed, the rate required by investor is now 10%, what is the investment now worth?
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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you brought an investment that pays 2000 each year for 10 years, starting in year 10. (i) if the interest rate for investment of this type was 8%. how much would it have cost you? (ii) five years have passed, the rate required by investor is now 10%, what is the investment now worth?
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