How long will it take $14,000 invested in a bond portfolio yielding 7.12% per year to...
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How long will it take $14,000 invested in a bond portfolio yielding 7.12% per year to reach $ 26,000? Hint: If using EXCEL or a TVM calculator, one of the dollar amounts must be negative O9.0 years O 8.8 years O 9.1 years O 8.7 years How long will it take $14,000 invested in a bond portfolio yielding 7.12% per year to reach $ 26,000? Hint: If using EXCEL or a TVM calculator, one of the dollar amounts must be negative O9.0 years O 8.8 years O 9.1 years O 8.7 years
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Present value future value and yield rate interest rate are provided we can use above for... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1439078082
4th Edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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