Future value of Present value | = | P*(1+i)^n | Where, | ||||
P | = | Present value | |||||
i | = | Interest rate | |||||
n | = | time | |||||
So, future value of all present value is calculated as follows: | |||||||
Present value | Years | Interest rate | Future Value | ||||
a | b | c | d=a*(1+c)^b | ||||
$ 3,100 | 7 | 17% | $ 9,303.85 | ||||
8,553 | 20 | 7% | $ 33,097.41 | ||||
90,305 | 14 | 10% | $ 3,42,933.09 | ||||
2,28,382 | 30 | 3% | $ 5,54,343.06 |
Chapter 4, Question 2 For each of the following, compute the future value: (Do not round...
For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate | Future Value 13% 2,150 11 8,5527 74,355 - 14 181,796 8
For each of the following, compute the future value (Do not round intermediate calculations and round your final answers to 2 decimal places. (e.g., 32.16)): Present Value Years Interest Rate Future Value $ 2,450 10 14 % $ 9,152 8 8 80,355 15 13 187,796 6 5
For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Years Future Value Interest Rate 18 % Present Value 2,250 10,253 107,305 245,382 9 22 285
For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value $2,960 7 13 % $7,846 16 7 $85,381 19 9 $221,614 26 5
For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Years Interest Rate Future Value Present Value 2.750 9,752 86,355 193.796 Term (1 P. X Chapter OS Pre-Buit Problems x C First City Bank Pays 7 Percent * First City Bank Pays 7 Percent x © https://newconnect.mheducation.com/flow/connect.html?returnUrl=https%3A%2F%2Fconnect.mheducation.com%2F hapter 05 Pre-Built Problems * 3 For each of the following compute the present value (Do not round Intermediate...
For each of the following, compute the
present value: (Do not round intermediate calculations and round
your answers to 2 decimal places, e.g., 32.16.)
For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 12 Interest Rate 4 % 9 12 11 4 16 21 Future Value $ . 42,317 798,382 655,816 R
For each of the following, compute the present value: (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 14 Interest Rate Future value 8 %$ 14,551 14 42,557 15 877,073 8 541,164 5 30 35 l a. At 6.9 percent Interest, how long does it take to double your money? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b.At 6.9 percent Interest, how long...
For each of the following, compute the present value (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): Present Value Years Interest Rate Future value $ 14 8 % $ 16,151 5 14 58,557 30 15 893,073 35 8 557,164
Chapter 5 Assignment i Saved For each of the following, compute the present value (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): Present Value Years Interest Rate 12 Future Value 15,351 50,557 885,073 549,164 points 13 28 30 10 eBook Print References
For each of the following, compute the present value (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): Present Value Years Interest Rate 5 Future Value 14,551 42,557 877,073 541,164