Ronaldo places $3300 in a savings account paying 10 % interest compounded annually. He wants to know
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Ronaldo places $3300 in a savings account paying 10 % interest compounded annually. He wants to know how much money will be in the account at the end of Nine years. (5: Marks)
b) Messi wishes to find the present value of $ 4,500 that will be received 11 years from now. Messi opportunity cost is 8%. (5: Marks)
c) An investment portfolio is any collection or combination of financial assets. Based on our class discussion, briefly explain /.why the investors will prefer to hold portfolios?
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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