$15,000 is deposited for 4 years in an account earning 8% interest. Calculate the future value of the investment if interest is compounded semiannually. ANS.$20,528.54 2.A bond with an $8000 face value has a 3.5% coupon and a 3-year maturity. What is the total of the interest payments paid to the bondholder? ANS.$840
$15,000 is deposited for 4 years in an account earning 8% interest. Calculate the future value of the investment if interest is compounded semiannually. ANS.$20,528.54 2.A bond with an $8000 face value has a 3.5% coupon and a 3-year maturity. What is the total of the interest payments paid to the bondholder? ANS.$840
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 9P
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Question
- $15,000 is deposited for 4 years in an account earning 8% interest. Calculate the
future value
of the investment if interest is compounded semiannually. ANS.$20,528.54
2.A bond with an $8000 face value has a 3.5% coupon and a 3-year maturity. What is the total
of the interest payments paid to the bondholder? ANS.$840
ANSWERS ARE GIVEN. I JUST NEED TO KNOW THE SOLUTION. THANKS
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