Question
2. (5) The following questions are based on slide #32. This is an example of lump sum (e.g., Slide #3). Why? What is the FC
2. (5) The following questions are based on slide #32. This is an example of lump sum (e.g., Slide #3). Why?
What is the FC of $100 after 3 years under 6% (INOM=6%) monthly compounding?
a. Find the FV using a formula (refer to #32). Show formula used.
b. Find the FV using a financial calculator. Hint: First find EAR. Write down the inputs.
MXN = PV 1+ py 14 hou M
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Finance And Strategy Inside China
Authors: Check-Teck Foo
1st Edition
9811328404,9811328412
