10. Find the value in 20 years from now for $100,000 invested today at a nominal...
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10. Find the value in 20 years from now for $100,000 invested today at a nominal rate of 12% compounded monthly. 11. What is the present value of $100,000 received 10 years from now if you can earn a rate on your money of 15% compounded annually? 10. Find the value in 20 years from now for $100,000 invested today at a nominal rate of 12% compounded monthly. 11. What is the present value of $100,000 received 10 years from now if you can earn a rate on your money of 15% compounded annually?
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Using the formula for compound interest A P1 rnnt where A is the future value P is th... 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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