Table 2 P m i t n C P a)_ Semi- b)_ c)_ 2 d)_ e). 2,000 annually 2,800 quarterly g) h) 5 yrs and 6 P 500 j)- f)_ i)_ _ 5,000 months Legend: P - principal amount; r – nominal rate; l – interest compounded; m – frequency of conversions in a year; i - interest rate per period; t - time in years; n - total number of conversions; 1. - compound interest; C – the compound amount
Table 2 P m i t n C P a)_ Semi- b)_ c)_ 2 d)_ e). 2,000 annually 2,800 quarterly g) h) 5 yrs and 6 P 500 j)- f)_ i)_ _ 5,000 months Legend: P - principal amount; r – nominal rate; l – interest compounded; m – frequency of conversions in a year; i - interest rate per period; t - time in years; n - total number of conversions; 1. - compound interest; C – the compound amount
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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Transcribed Image Text:Table 2
P
m
i
t
C
b)-
а).
2,000
Semi-
c)
2
d).
e)
-
-
-
-
annually
2,800
f)_
quarterly g) h)_
P 500| j)-
5 yrs
and 6
months
i)-
_
5,000
Legend:
P – principal amount; r – nominal rate; I - interest compounded;
m – frequency of conversions in a year; i – interest rate per period;
t – time in years; n – total number of conversions;
I. - compound interest; C – the compound amount
-
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