Complete the following using compound future value. (Use the Table provided.) Note: Do not round intermediate calculations. Round your final answers to the nearest cent. Time 2 years Principal S 15,000 Rate Compounded 8% Quarterly Amount I Interest
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- Compute the number of years (t) if future value (FV) = $10174, present value (FV) = $1498, and interest rate (r) = 14.7%,. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):Use the future value formula, S= P(1+ rt), to compute the future value of S1192.00 over eight months at 5-% p.a. The future value is s (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needea.Compute the present value if future value (FV) = $5,545, interest rate (r) = 8%, and number of years (t) = 18. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.):
- Complete the following using compound future value. (Use the Table provided.) (Do not round intermediate calculations. Round your final answers to the nearest cent.) Time Principal Rate Compounded Amount Interest 7 years $4 16,600 8% Quarterly cerFind 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.) On FV Table 12.1 Present value Length of time Rate Compounded Period used Rate used FV factor used Future value $12,309.66 6 years 8% Quarterly 24 2%Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value $ 500 8 % $ 1,075 750 12 1,836 17,800 18 294,671 20,900 14 320,610 ( Prev 5 of 9 Next > ...
- Solve for the unknown number of years in each of the following. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present value 610 860 18900 22000 yaer Interest Rate 10 11 16 13 Futur Value 1,747 2,200 275,672 321,293Find the EAR in each of the following cases: (Assume 365 days in a year. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Number of Times APR EAR Compounded 8.7 % Quarterly % 17.7 Monthly 13.7 Daily 10.7 Infinite ( Prev 2 of 10 NextFor each of the following, compute the future value: Note: Do not round Intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value S 2,550 9,653 101,305 239,382 Years 8 21 15 27 Interest Rate 18 % 10 % 11 % 5 % Future Value
- 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.): years Interest Rate Future Value 14 8 16,151 5 14 58,557 30 15 893,073 35 8 557,164For each of the following, compute the present value: (Do not round intermediate calculations and round your answers to decimal places, e.g., 32.16.) Present Value Years 9 1 13 18 Interest Rate 3% 12 15 14 Future Value $ 18,028 42,217 797,382 654,816Find the APR in each of the following cases: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Number of Times APR EAR Compounded % Semiannually 10.5 % Monthly 11.4 Weekly 9.1 Infinite 12.8 ( Prev 3 of 10 Next