A).$4500 will be paid 6 years and 10 months now. Find present value of payment if interest is at rate j2 = 9%. Use the practical metho.
A).$4500 will be paid 6 years and 10 months now. Find present value of payment if interest is at rate j2 = 9%. Use the practical metho.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 27P
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A).$4500 will be paid 6 years and 10 months now. Find present value of payment if interest is at rate
j2 = 9%. Use the practical metho.
B). An investment fund guarantees to double your money in five years. What rate of j2 is implied ?
C). If money doubles at certain rate of interest compound monthly in six years. How long will it take to the same amount of money to triple in valuy ?
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