For each of the following, compute the future value (Do not round intermediate calculations and round...
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 | |||||||
Homework Answers
PV is the present value
t is the number of compounding period
i is the interest rate for that period
a.)FV=2450(1.14)^10=$9082.69
b.)FV=9152(1.08)^8=$16939.71
c.)FV=80355(1.13)^15=$502561.90
d.)FV=187796(1.05)^6=$251664.60
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For each of the following, compute the future value (Do not round intermediate calculations and round...
For each of the following, compute the future value: (Do not round intermediate calculations and round...
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For each of the following, compute the future value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate | Future Value 13% 2,150 11 8,5527 74,355 - 14 181,796 8
For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Interest Rate Present Value Years Future Value 18,828 12 43,017 13 15 805,382 662,816 18 14
For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Interest Rate Years 10 2 11 Future Value 17,528 41,717 792,382 649,816 14 13 19 13
For each of the following, compute the present value: (Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years 14 Interest Rate Future value 8 %$ 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 81% 14 15 15,151 48,557 883,073 547,164 30 I 35 Print
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