Question
You plan to make 40-quarterly deposits into a fund in order to have $10,000 at the end of 10 years. Consider the following 3 cases:
You plan to make 40-quarterly deposits into a fund in order to have $10,000 at the end of 10 years. Consider the following 3 cases: a. Deposit $RI starting today; earn j4 = x% b. Deposit $RII starting 3-months from today; earn j4 = x% c. Deposit $RIII starting 3-months from today; earn j12 = x% Which of the following is true?
a. RI > RII ; RII < RIII
b. RI < RII ; RII < RII
c. RI > RII ; RII > RIII
d. RI < RII ; RII > RIII
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
