Question
34. Krammer Bank offers a CD (i.e., certificate of deposit) that pays 3.55% p.a., but with monthly compounding. If Lebron deposits $250,000 into this account
34. Krammer Bank offers a CD (i.e., certificate of deposit) that pays 3.55% p.a., but with monthly compounding. If Lebron deposits $250,000 into this account today, how much will he have in his account in exactly 18 years?
35. If the real rate of interest is 2.6% and if the expected inflation rate is 9.3%, what is the present value of $50,000 to be received exactly 8 years from today?
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Handbook Of Financial Risk Management
Authors: Thierry Roncalli
1st Edition
1138501875, 978-1138501874
