Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the nearest cent. What is the investment's FV at rates of 0%, 6%, and 20% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent. Interest Rate Year 0% 6% 20% 2$ 2$ 1 %2$ $ 2$ $ $ 24 24 %$4 $ $ hoose 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%. he correct graph is
Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the nearest cent. What is the investment's FV at rates of 0%, 6%, and 20% after 0, 1, 2, 3, 4, and 5 years? Round your answers to the nearest cent. Interest Rate Year 0% 6% 20% 2$ 2$ 1 %2$ $ 2$ $ $ 24 24 %$4 $ $ hoose 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%. he correct graph is
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:value of money
3
Year
15
7000
FV as Function of Time and Rate
6000
5000-
4000-
C.
3000-
2000-
1000
4
Year
7000-
FV as Function of Time and Rate
6000
5000
4000
D.
3000-
2000-
1000
Back
Autosaved at 11:36 AM
MacBook Air
80
000
000
DII
F2
F3
F4
F5
F6
F7
F8
$
8.
Future Value (S)
Future Value (S)
%24

Transcribed Image Text:a. Find the FV of $1,000 invested to earn 12% after 6 years. Round your answer to the nearest cent.
$4
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%
$4
$
$
2$
$
$
2
$
2$
$
2$
$
4
24
24
$
2$
24
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
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