Complete the following using present value. (Use the Table 12.3) Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent. S Amount desired at end of period 17,600 Length of time 7 years Rate Compounded 2% Quarterly On PV Table 12.3 Period used Rate used PV factor used PV of amount desired at end of period
Complete the following using present value. (Use the Table 12.3) Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent. S Amount desired at end of period 17,600 Length of time 7 years Rate Compounded 2% Quarterly On PV Table 12.3 Period used Rate used PV factor used PV of amount desired at end of period
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:Complete the following using present value. (Use the Table 12.3.)
Note: Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.
$
Amount
desired at
end of period
17,600
Length
of time
7 years
Rate
Compounded
2% Quarterly
On PV Table 12.3
Period
used
Rate used
%
PV factor used
PV of amount
desired at
end of period
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