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Suppose you invest in a fund which compounds at a rate of 2% at the end of every odd-numbered month (January, March, May, July, September,
Suppose you invest in a fund which
- compounds at a rate of 2% at the end of every odd-numbered month (January, March, May, July, September, November), and
- compounds at a rate of 4% at the end of every even-numbered month (February, April, June, August, October, December).
How much do you need to invest on January 1st so that you have $1000 by June 1st of the same year?
(Round your answer to two decimal places)
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Multifractal Financial Markets An Alternative Approach To Asset And Risk Management
Authors: Yasmine Hayek Kobeissi
1st Edition
1461444896, 978-1461444893
