Examlex
You invest $6780 in a floating rate guaranteed investment certificate. For the first 30 months you earn 4.9% compounded semi-annually. For the next 8 months you earn 4.32% compounded monthly. What is the maturity value of the certificate?
Payback
The method of calculating the duration required to recover the cost of an investment, emphasizing the time it takes to reach a breakeven point.
Annual Cash Flows
The total amount of money being transferred into and out of a business, affecting its liquidity, over a year.
Required Rate
The minimum return that investors expect to earn from an investment, influencing many financial decisions.
Discounted Payback
A capital budgeting method that calculates the time required to recoup the initial investment in present value terms.
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