Question
Q1. The Investment Company of India has a lifetime average rate of return of around 15%. (a) How much is a $2500 investment worth after
Q1. The Investment Company of India has a lifetime average rate of return of around 15%. (a) How much is a $2500 investment worth after 15 years, assuming the lifetime annual rate of return, if profit is compounded monthly? (b) How much is it worth if profit is instead compounded daily?
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Principles Of Finance With Excel
Authors: Simon Benninga
2nd Edition
0199755477, 9780199755479
