Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value 2$ 350 11 % $ 1,205 2,041 9. 3,800 33,005 14 388,120 32,700 21 201,236
Solve for the unknown number of years in each of the following: (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Present Value Years Interest Rate Future Value 2$ 350 11 % $ 1,205 2,041 9. 3,800 33,005 14 388,120 32,700 21 201,236
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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![Problem 4-5 Calculating the Number of Periods [LO 4]
Solve for the unknown number of years in each of the following: (Do not round
intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future Value
350
11 % $
1,205
2,041
9.
3,800
33,005
14
388,120
32,700
21
201,236](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca0ee9f0-26a0-4b69-a817-d7c752512585%2F70faf097-5f56-4b2a-9414-27874186d498%2Fo8zvzbt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 4-5 Calculating the Number of Periods [LO 4]
Solve for the unknown number of years in each of the following: (Do not round
intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Present Value
Years
Interest Rate
Future Value
350
11 % $
1,205
2,041
9.
3,800
33,005
14
388,120
32,700
21
201,236
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