For each of the following, compute the present value: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value Years Interest Rate Future Value 11 5 % S 18.228 3 10 % 42.417 15 13 % 799,382 20 12 % 656.816
For each of the following, compute the present value: Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Present Value Years Interest Rate Future Value 11 5 % S 18.228 3 10 % 42.417 15 13 % 799,382 20 12 % 656.816
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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![For each of the following, compute the present value:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Present Value
Years
Interest Rate
Future Value
11
5 %
S
18.228
3
10 %
42.417
15
13 %
799,382
20
12 %
656.816](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fce76587b-ebfc-489b-a1e8-77c60f519b71%2Faf08c510-fed6-42c8-817b-1ee4369b1221%2Fu6kqll_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For each of the following, compute the present value:
Note: Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.
Present Value
Years
Interest Rate
Future Value
11
5 %
S
18.228
3
10 %
42.417
15
13 %
799,382
20
12 %
656.816
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