Ans 2)
FV = | Future Value | |
PV = | Present Value | |
r = | rate of interest | |
n= | no of period | |
a) | FV = | PV (1 + r )n |
FV = | 2750*(1+14%)^10 | |
FV = | 10194.86 | |
b) | FV = | PV (1 + r )n |
FV = | 9752*(1+8%)^8 | |
FV = | 18050.27 | |
c) | FV = | PV (1 + r )n |
FV = | 86355*(1+13%)^15 | |
FV = | 540087.52 | |
d) | FV = | PV (1 + r )n |
FV = | 193796*(1+5%)^6 | |
FV = | 259705.17 |
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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.)
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