Answered: How many more $1000 investments than…

How many more $1000 investments than $1100 investments will it take to accumulate $100.000? calculatlons and round up the number of Investments.) It will take more payments.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 21PROB

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Question

Regular investments made at the beginning of each quarter earn 6% compounded quarterly.
How many more $1000 investments than $1100 investments will it take to accumulate $100,000? (Do not round Intermedlate
calculatlons and round up the number of Investments.)
It will take
more payments.

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