|If you need S10,000 in 7 years and you can earn 6% on your investment, How much do you have to invest today, a) if your investment earns annually compounded interest? b) if your investment earns monthly compounded interest? c) if your investment earns daily compounded interest? Future balance Interest Years Compounding Annually Monthly Daily а) PV b) PV c) PV
|If you need S10,000 in 7 years and you can earn 6% on your investment, How much do you have to invest today, a) if your investment earns annually compounded interest? b) if your investment earns monthly compounded interest? c) if your investment earns daily compounded interest? Future balance Interest Years Compounding Annually Monthly Daily а) PV b) PV c) PV
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 7PROB
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