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$ 500 8% 2$ 1,075 750 12 1,836 17,800 18 294,671 20,900 14 320,610

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$ 500 8% 2$ 1,075 750 12 1,836 17,800 18 294,671 20,900 14 320,610

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

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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
$
500
8 %
$
1,075
750
12
1,836
17,800
18
294,671
20,900
14
320,610
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Assume that you must estimate what the future value will be two years from today using the future value of 1 table. (PV of $1, EV of $1. PVA of $1, and FVA of $1) Which interest rate column and number-of-periods row do you use when working with the following rates? (Round percentage answers to 2 decimal places.) Answer is complete but not entirely correct. Number of Periods 1. 12% annual rate, compounded annually 2.8% annual rate, compounded semiannually 3. 12% annual rate, compounded quarterly 4. 12% annual rate, compounded monthly Interest Rate 12.00 2.00 3.00 1.00 % % % % 2 80 24
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Required: Solve for the unknown number of years in each of the following: (Round your answers to 2 decimal places.) Present Years Discount Rate Future Value Value $ 5,600 9 % $ 12,840 8,100 10 % 43,410 184,000 17 % 3,645,180 215,000 15 % 1,734,390
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For each of the following, compute the future value (Do not round intermediate calculations and round your answers to 2 decimal places, e.g, 32.16.): Present Value Years Interest Rate Future Value 2,328 11 13 % 7.513 74,381 14 12 192.050 16
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Solve for the unknown interest rate in each of the following: (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) Present Value $ 290 410 44,000 43,261 Years 3 18 20 Interest Rate % % % % Future Value $ 345 1,253 209,290 388,485

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