Answered: You have 1,500 to invest today at 7%…

You have 1,500 to invest today at 7% interest rate Compounded annually. a- Find how much will you get after 3 year. b- Find how much will you get after every six month and after every quarter.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 12PROB

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Question

You have 1,500 to invest today at 7% interest rate Compounded
annually.
a- Find how much will you get after 3 year.
b- Find how much will you get after every six month and after every
quarter|

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