For each of the following annuities, calculate the future value. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16 Future Value Annual Payment Years Interest Rate $ 1,520 10 9% $ 6,540 34 10 $ 3,640 9 7 $ 8,330 36 11

For each of the following annuities, calculate the future value. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16 Future Value Annual Payment Years Interest Rate $ 1,520 10 9% $ 6,540 34 10 $ 3,640 9 7 $ 8,330 36 11

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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Question

For each of the following annuities, calculate the future value.
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Future Value
Annual Payment
Years
Interest Rate
$
1,520
10
9%
$
6,540
34
10
$
3,640
7
10
$
8,330
36
11

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Solve for the unknown interest rate in each of the following: Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16. Present Value $ 800 990 23,500 78.800 Years 7 8 19 22 Interest Rate % % % % Future Value: $ 1,551 1,888 150,332 329,815
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Complete the following table. Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present value $ $2,291.00 $33,250.00 $33,200.00 Years 8.50 years years 18.25 years 9.65 years Interest rate 11.00% 9.00% % 21.00% Future value $1,456.79 4,050.00 $250,100.55 $
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Urmilaben
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