Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate of 5% one year and 7% other year. How much money will you have at the end of year thirty if there are different interest rates after year 30 as shown in the diagram below?
Select one:
a. 18050
b. 90000
c. 106141
d. 120408
e. 117724
Transcribed Image Text:1 2
3
4
26
27
28 29 30
I F?
5%
7%
5%
7%
5%
7%
5%
%7
..
2000 1000 2000
1000
1000 2000
1000 2000 1000
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