PRINCIPLES OF MICROECONOMICS LOOSE LEAF
PRINCIPLES OF MICROECONOMICS LOOSE LEAF
12th Edition
ISBN: 9780134081083
Author: CASE
Publisher: PEARSON
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Chapter 11.A, Problem 2P
To determine

The present discount value.

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How much do you need to save each year for 30 years in order to have $775,000, assuming you are investing the money in an account that earns 8%?  How much of the $750,000 comes from principal (your out of pocket costs)?
could you show how to determine the bond's present value without a calculator?
The interest rate for a bond is always equal to its yield to maturity  True  False
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