Exercise 5-7 (Algo) Solving for unknowns; single amounts [LO5-4) or each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (/ nterest rate, and n number of years) Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) 1. 2 3. 4. 5. Present Value Future Value - $ 33,612 $ 46,000 $ 32,854 $ 59,000 13,083 $ 41,500 40,306 $ 115,000 11,608 $ $ $ 4% 5% 8% 10% 7% n 8 12 15 11 13
Exercise 5-7 (Algo) Solving for unknowns; single amounts [LO5-4) or each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (/ nterest rate, and n number of years) Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (EV of $1. PV of $1. EVA of $1. PVA of $1. EVAD of $1 and PVAD of $1) 1. 2 3. 4. 5. Present Value Future Value - $ 33,612 $ 46,000 $ 32,854 $ 59,000 13,083 $ 41,500 40,306 $ 115,000 11,608 $ $ $ 4% 5% 8% 10% 7% n 8 12 15 11 13
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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![Exercise 5-7 (Algo) Solving for unknowns; single amounts [LO5-4]
For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (=
Interest rate, and n= number of years)
Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (EV of $1. PV of $1. EVA
of $1. PVA of $1. EVAD of $1 and PVAD of $1)
1.
2
3.
4.
5.
Present Value Future Value
33,612 $
46,000
59,000
41,500
115,000
$
$
$
$
$
32,854 $
13,083 $
40,306 $
11,608
1
4%
5%
8%
10%
7%
n
8
12
15
11
13](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa4f8b7f-5983-4de5-ad25-1ed2edc45269%2Ff2d7d46b-81c9-477f-9234-b1e15f8bf7ff%2Fkwmw2gh_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 5-7 (Algo) Solving for unknowns; single amounts [LO5-4]
For each of the following situations involving single amounts, solve for the unknown. Assume that interest is compounded annually. (=
Interest rate, and n= number of years)
Note: Use tables, Excel, or a financial calculator. Round your final answers to nearest whole dollar amount. (EV of $1. PV of $1. EVA
of $1. PVA of $1. EVAD of $1 and PVAD of $1)
1.
2
3.
4.
5.
Present Value Future Value
33,612 $
46,000
59,000
41,500
115,000
$
$
$
$
$
32,854 $
13,083 $
40,306 $
11,608
1
4%
5%
8%
10%
7%
n
8
12
15
11
13
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