Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round yourfinal answers to 2 decimal places.)Present Value$ 61086018,90022,000YearsInterest Rate7%101715Future Value$1,4391,871294,715435,258

Future value of amount include the amount of compounding interest accumulated over the time and…

Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round you final answers to 2 decimal places.) Present Value $ 610 860 18,900 22,000 Years Interest Rate 7% 10 17 15 Future Value $ 1,439 1,871 294,715 435,258

Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round you final answers to 2 decimal places.) Present Value $ 610 860 18,900 22,000 Years Interest Rate 7% 10 17 15 Future Value $ 1,439 1,871 294,715 435,258

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

Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your
final answers to 2 decimal places.)
Present Value
$ 610
860
18,900
22,000
Years
Interest Rate
7%
10
17
15
Future Value
$
1,439
1,871
294,715
435,258

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