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.)
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.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
24
950
8%
24
1,805
2,641
6
4,400
34,205
11
394,120
33,900
18
219,380
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