Problem set 2 mba 503

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Issue:

Business

 

Written by:

Christopher O

 

Date added:

October 1, 2012

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1120

 

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1856 times

 

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Essay content:

With the certificate of deposit, you make an initial investment at the beginning of the first year. a. What single payment could be made at the beginning of the first year to achieve this objective? Appendix b PV=FV X PVif(8%, 10 periods) =28,974 x .463 = 13,415 b. What amount could you pay at the end of each year annually for 10 years to achieve this same objective? Apendix C A=FVA/FV(IFA) = 28,974/14...
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With the certificate of deposit, you make an initial investment at the beginning of the first year. a. What single payment could be made at the beginning of the first year to achieve this objective? Appendix b PV=FV X PVif(8%, 10 periods) =28,974 x .463 = 13,415 b. What amount could you pay at the end of each year annually for 10 years to achieve this same objective? Apendix C A=FVA/FV(IFA) = 28,974/14...
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