Question
6. How long would it take for a deposit of $1,200 to become $16,000 if you can earn 9.5% on your money? 7. A risk-free
6. How long would it take for a deposit of $1,200 to become $16,000 if you can earn 9.5% on your money?
7. A risk-free investment promises to pay you $650 every 6 months for the next 11 years. If you can earn 9.5% on your money, how much would you be willing to pay for this investment?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
