Present value = Future value / (1+ rate per period)^ no. of periods
= 8000/(1.035^3)
= 8000/1.108717875
= 7215.54
Find the present value, using the present value formula and a calculator. (Round your answer to...
Find the future value, using the future value formula and a calculator. (Round your answer to the nearest cent.) $119,700 at 5.5% compounded continuously for 30 years $
Complete the following using the present value formula or financial calculator. (Do not round intermediate calculations. Round the "Periodic rate" to the nearest tenth percent. Round your final answer to the nearest cent.) Amount desired at end of period 7.400 Length of time Rate Compounded Period used Periodic rate PV of amount desired at end of period years 4 Semiannually
Complete the following using the present value formula or financial calculator. (Do not round intermediate calculations. Round the "Periodic rete" to the nearest tenth percent. Round your final answer to the nearest cent.) Amount desired at end of period Length of time PV of amount desired at end of period Period Periodic rate Rate Compounded used 1 7009 years 3 % Semiannually %
Complete the following using the present value formula or financial calculator (Do not round intermediate calculations. Round the "Periodic rate" to the nearest tenth percent. Round your final answer to the nearest cent.) Periodic Rate Compounded Amount desired at Length of time end of period 7,100 9 years Period used PV of amount desired at end of period rate 2 % Semiannually
#9,10,11 9. -45.55 points WaneFM7 2.R.001 Find the future value of the investment. (Round your answer to the nearest cent.) $.3,000 for 6 years at 4.25% simple annual interest Need Help? Read It 10. -15.55 points WaneFM7 2 R.003. Find the future value of the investment. (Round your answer to the nearest cent.) $8,000 for 3 years at 4.25% compounded monthly Need Help? Lead.」 11. -15.55 points WaneFM7 2.R.008 Find the present value of the investment. (Round your answer to...
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount interest Time 7 years Principal $ 2,400 Rate Compounded 12 % Quarterly
Complete the following using the future value formula or financial calculator. (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 12 years Principal $ 16,700 Rate Compounded 1.5% Annually
Complete the following using the future value formula or financial calculator (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 5 years Principal $ 4,000 Rate Compounded 12 % Quarterly
Complete the following using the future value formula or financial calculator (Do not round intermediate calculations. Round your final answers to the nearest cent.) Amount Interest Time 5 years Principal $ 4,000 Rate Compounded 12 % Quarterly
Exercise A3-17 Present Values Use Present Value Tables or your calculator to complete the requirements below. Required: a. Determine the present value of a single $14,000 cash flow in 7 years if the interest (discount) rate is 8% per year. Round your answer to the nearest cent. $ 8,169 X b. Determine the number of periods for which $5,820 must be invested at an annual interest (discount) rate of 7% to produce an investment balance of $10,000. Round you answer...