Question
1. Assume an investment of $ 1000 accumulates to $ 81,500 in T year. Get the value of T, if known : (a) compound effective
1. Assume an investment of $ 1000 accumulates to $ 81,500 in T year. Get the value of T, if known :
(a) compound effective interest (comperund interest rate) of 10% per annum (per year)
(b) An annual compound discount rate of 10% for the first year and 8% for the following years (c) i ^ 12 = 12%
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
7th Edition
0077861604, 9780077861605
