If you invest 10,000 is invested on Feb 10th into an account that pays 13% compounded daily.
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Question:
If you invest 10,000 is invested on Feb 10th into an account that pays 13% compounded daily.
What date will the investment be worth $10,500? Use banker's rule.
A estate leaves $700,000 to three children ages 11, 17, 20.
Each child is to receive the same amount at age twenty-five.
How much each receive if fund is invested at 6.5% interest compounded quarterly.
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
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