Investment 1 Investment 2 Investment 3 Investment 4 RATE Answer 7% 6% 1% NPER 10 Answer 4 24 PV $216,000 $9,000 Answer $21,600 PMT $(35,000) $(2,300) $(16,200) Answer TYPE End of period Beg. of period End of period Beg. of period
Investment 1 Investment 2 Investment 3 Investment 4 RATE Answer 7% 6% 1% NPER 10 Answer 4 24 PV $216,000 $9,000 Answer $21,600 PMT $(35,000) $(2,300) $(16,200) Answer TYPE End of period Beg. of period End of period Beg. of period
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
Computing Present and
Determine the unknown variables in each of the four separate investment scenarios.
- Round the RATE to one percentage point (for example, enter 8.5 for 8.54444%).
- Round NPER, PV, and PMT to the nearest whole number.
- Use a negative sign only for an amount related to PMT.
| Investment 1 | Investment 2 | Investment 3 | Investment 4 | |
|---|---|---|---|---|
| RATE | Answer | 7% | 6% | 1% |
| NPER | 10 | Answer | 4 | 24 |
| PV | $216,000 | $9,000 | Answer | $21,600 |
| PMT | $(35,000) | $(2,300) | $(16,200) | Answer |
| TYPE | End of period | Beg. of period | End of period | Beg. of period |
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