Question
Phuc invested ${17000) in a 5-year term deposit at (20% p.a. compounded quarterly. Olivia invested ${15000) in a 5-year term deposit at X% p.a.
Phuc invested ${17000) in a 5-year term deposit at (20% p.a. compounded quarterly. Olivia invested ${15000) in a 5-year term deposit at X% p.a. continuously. What is the value of X (in percentage) that will equalise the future value of their investments at the end of year 5?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
