Mathematics2 - Solving For k Or n Example: Assume you have...

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1 Solving For k Or n Example: Assume you have $1,200 to invest and want to know how long it will take for that sum to grow to $3,000 if invested in a CD at 7%:
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2 Solving For k Or n Example: Assume you have $1,200 to invest and want to know how long it will take for that sum to grow to $3,000 if invested in a CD at 7%:
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3 Example: Assume that you have $1,200 and want to know what the interest rate would have to be in order for you to have $3,000 in 10 years. Solving For k Or n
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4 Example: Assume that you have $1,200 to invest and want to know what the interest rate would have to be in order for you to have $3,000 in 10 years. Solving For k Or n
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5 Value Additivity: The PV (FV) of a stream of cash flows is the sum of the PV (FV) of individual cash flow. Example: You have told your sister, a high-school senior, to budget $400, $500, $600, $400 for books and educational supplies for her four years at college. What is the PV of these future cash flows if the appropriate interest rate is 7%?
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This note was uploaded on 02/14/2011 for the course FINA 363 taught by Professor Masoudie during the Fall '10 term at South Carolina.

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Mathematics2 - Solving For k Or n Example: Assume you have...

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