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For future value $20,000, 18 years at 6% compounded interest continuously, determine the questions in 16, 17 and 18 16.What is the onetime present value? a) $6571 c) $6271 b) $6791 17.How much does one need to save every year? a) $417 b) $517 c) $617 18. If one saves $800 per year, how long will it take to get the same amount of money in the future with same interest rate? a) 16.18 b) 15.89 c) 15.27

For future value $20,000, 18 years at 6% compounded interest continuously, determine the questions in 16, 17 and 18 16.What is the onetime present value? a) $6571 c) $6271 b) $6791 17.How much does one need to save every year? a) $417 b) $517 c) $617 18. If one saves $800 per year, how long will it take to get the same amount of money in the future with same interest rate? a) 16.18 b) 15.89 c) 15.27

Essentials Of Investments
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
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For future value $20,000, 18 years at 6% compounded interest continuously, determine the questions in 16, 17 and 18 16.What is the onetime present value? a) $6571 c) $6271 b) $6791 17.How much does one need to save every year? a) $417 b) $517 c) $617 18. If one saves $800 per year, how long will it take to get the same amount of money in the future with same interest rate? a) 16.18 b) 15.89 c) 15.27
Transcribed Image Text:For future value $20,000, 18 years at 6% compounded interest continuously, determine the questions in 16, 17 and 18 16.What is the onetime present value? a) $6571 c) $6271 b) $6791 17.How much does one need to save every year? a) $417 b) $517 c) $617 18. If one saves $800 per year, how long will it take to get the same amount of money in the future with same interest rate? a) 16.18 b) 15.89 c) 15.27
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