below. Bownload the spreadshe Do not round intermediate calculations. Enter your answers as positive values. Download spreadsheet Time value of money-e826d2.xlsx a. Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the $. b. What is the investment's FV at rates of 0%, 6%, and 20% after 0, 1, 2, 3, 4, and 5 Interest Rate Year 0% 6% 20% %24
below. Bownload the spreadshe Do not round intermediate calculations. Enter your answers as positive values. Download spreadsheet Time value of money-e826d2.xlsx a. Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the $. b. What is the investment's FV at rates of 0%, 6%, and 20% after 0, 1, 2, 3, 4, and 5 Interest Rate Year 0% 6% 20% %24
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis to answer the questions below.
Do not round intermediate calculations. Enter your answers as positive values.
Download spreadsheet Time value of money-e826d2.xlsx
a. Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the nearest cent.
$.
b. What is the investment's FV at rates of 0%, 6%, and 20% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent.
Interest Rate
Year
0%
6%
20%
$
2$
1
$
24
$
2
$
$
2$
$4
$
$
4
$
2$
$
$
Choose the correct graph of future value as a function of time and rate. Note: blue line is for 0%, orange line is for 6%, and grey line is for 20%.
The correct graph is
A
7000
FV as Function of Time and Rate
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