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An investment will pay $289,940 at the end of next year for an investment of $190,000 at the start of the year. If the market
An investment will pay $289,940 at the end of next year for an investment of $190,000 at the start of the year. If the market interest rate is 9% over the same period, should this investment be made? For full credit, compare the investment to putting money in the bank.
If deposited in bank | If invested | ||
rate: |
| ||
nper: | |||
pmt: | |||
pv: | |||
FV: | |||
difference | |||
Explanation | : |
find rate, nper, pmt, pv, fv for "If Invested" as well.
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