Period used =9*2=18
Periodic rate =2%/2 =1%
PV of the desired amount at the end:-
=PV(rate,nper,pmt,fv)
=PV(2%/2,9*2,,7100)
=5935.72
Complete the following using the present value formula or financial calculator (Do not round intermediate calculations....
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 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
ak: Chapter 19 Saved Complete the following using the future value formula or financial calculator. (Do not round int final answers to the nearest cent.) Amount Interest Time Principal $ 17200 Rate Compounded 2% Annually 11 years Prev 1 of 13 Ne * a Search ACKARD
Find the future value. (Use the Table provided.) (Do not round intermediate calculations. Round the "FV factor" to 4 decimal places and final answer to the nearest cent.) Present value Length of time Rate Compounded On FV Table 12.1 FV factor used Future value Period used Rate used $11,965.44 4 years 12% Quarterly 16 3% $
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...
Find the following values using the equations and then a financial calculator. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers to the nearest cent. An initial $500 compounded for 1 year at 10%. $ An initial $500 compounded for 2 years at 10%. $ The present value of $500 due in 1 year at a discount rate of 10%. $ The present value of $500 due in 2 years at a discount rate of 10%.