Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. an investment pays 3000 at time 1, 4000 at time 2

An investment pays 3000 at time 1, 4000 at time 2 and 1000 at time...

90.2K

Verified Solution

Question

Accounting

An investment pays 3000 at time 1, 4000 at time 2 and 1000 at time 3. Calculate the modified duration of this investment if the annual effective interest rate is 8%.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

a) Explain any 5 “Types of properties” with all the “Qualities” associated with each property. b) Explain...

Mechanical Engineering
Q

An athletic footwear company is attempting to estimate the sales that will result from a television...

Basic Math
Q

Gretchen just got a new credit card that offers an introductory APR of 4 8...

Geometry
Q

An individual plans to buy a house for $200,000.She will put 20% down, and finance...

Basic Math
Q

Last year over 7000 students took an entrance exam at a certain state university Mary...

Statistics
Q

4x x 5 is one to one a Find its inverse and check your answer...

Calculus
Q

Directions The displacement in meters of a particle moving in a straight line is given...

Calculus
Q

Cost and sales information for the most recent fiscal year are shown below: Required: 1....

Accounting
Q

In the current year, Jeffer Corporation experienced a $30,000 loss from operations. It received $200,000...

Accounting
Q

27. Administrative sources of the tax law, such as IRS Regulations, Revenue Rulings and Revenue...

Accounting
Q

Why is an accurate value of ending inventory and cost of goods sold important? period....

Accounting
Q

Susie's Sweet Shop has the following sales, payroll, and property factors: What are Susie's Sweet...

Accounting