Question
1. You invest $100 at the beginning of each year for the next 10 years. The interest rate is 10 percent. What is the future
1. You invest $100 at the beginning of each year for the next 10 years. The interest rate is 10 percent. What is the future value?
2. You want to build a house in 4 years. You expect to need another $50000. If he can save 9000 at the end of each year, what rate of return must he earn in order to have the amount needed?
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Fundamentals Of Investments
Authors: Bradford Jordan, Thomas Miller
4th Edition
0073314978, 9780073314976
