Johan places $1200 in a savings account paying 7% interest compounded annually. He wants to know...
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Johan places $1200 in a savings account paying 7% interest compounded annually. He wants to know how much money will be in the account at the end of ten years. (5: Marks) b) Joseph wishes to find the present value of $ 2,500 that will be received 10 years from now What is the opportunity cost for Joseph 8% (5 Marks) An investment portfolio is any collection or combination of financial assets. Briefly explain why the investors will prefer to hold portfolios? (5 Marks) Johan places $1200 in a savings account paying 7% interest compounded annually. He wants to know how much money will be in the account at the end of ten years. (5: Marks) b) Joseph wishes to find the present value of $ 2,500 that will be received 10 years from now What is the opportunity cost for Joseph 8% (5 Marks) An investment portfolio is any collection or combination of financial assets. Briefly explain why the investors will prefer to hold portfolios? (5 Marks)
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Answer rating: 100% (QA)
a To calculate the amount of money in Johans savings account at the end of ten years with compound interest we can use the formula for compound intere... View the full answer
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
Posted Date:
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