Future Value Interest Rate Number of Periods Present Value $713.00 $88,677.00 3.5% ? 6.5% 34 ? $349,058.00 11.5% 26 ? $25,474.44 17.5% 16

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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Data Table
(Click on the following icon e in order to copy its contents into a spreadsheet.)
Future Value
Interest Rate
Number of Periods
Present Value
$713.00
3.5%
$88,677.00
6.5%
34
?
$349,058.00
11.5%
26
?
$25,474.44
17.5%
16
?
Transcribed Image Text:Data Table (Click on the following icon e in order to copy its contents into a spreadsheet.) Future Value Interest Rate Number of Periods Present Value $713.00 3.5% $88,677.00 6.5% 34 ? $349,058.00 11.5% 26 ? $25,474.44 17.5% 16 ?
Present values. Fill in the present values for the following table,
using one of the three methods below:
1
a. Use the present value formula, PV= FVx:
(1+ r)"
b. Use the TVM keys from a calculator.
c. Use the TVM function in a spreadsheet.
Future Value
Interest Rate
Number of Periods
Present Value
713.00
3.5%
2$
(Round to the nearest cent.)
$ 88,677.00
6.5%
34
$
(Round to the nearest cent.)
$349,058.00
11.5%
26
(Round to the nearest cent.)
$ 25,474.44
17.5%
16
$
(Round to the nearest cent.)
Transcribed Image Text:Present values. Fill in the present values for the following table, using one of the three methods below: 1 a. Use the present value formula, PV= FVx: (1+ r)" b. Use the TVM keys from a calculator. c. Use the TVM function in a spreadsheet. Future Value Interest Rate Number of Periods Present Value 713.00 3.5% 2$ (Round to the nearest cent.) $ 88,677.00 6.5% 34 $ (Round to the nearest cent.) $349,058.00 11.5% 26 (Round to the nearest cent.) $ 25,474.44 17.5% 16 $ (Round to the nearest cent.)
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